351. The game's not over yet for the Capital Requirements Directive...
- Author:
- Rym Ayadi
- Publication Date:
- 02-2006
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies
- Abstract:
- Following seven years of painstaking and demanding negotiations, European bankers and regulators breathed a sigh of relief when the Capital Requirements Directive (CRD) finally got through the European Parliament on 28 September 2005, and was formally approved by the Council of Ministers of the 25 EU member states on 11 October 2005. The new CRD will finally apply the complex, risk-sensitive Basel II capital adequacy rules to some 8,000 European banks and some 2,000 investments firms in two stages, the first in January 2007 and the second one year later.
- Topic:
- International Relations, Economics, and Government
- Political Geography:
- Europe