EBA Updates Single Rulebook Q&A Tool to Reflect CRD5, CRR2, and BRRD2
EBA updated the Single Rulebook Q&A tool to reflect the revised Capital Requirements Directive CRD 5, the revised Capital Requirements Regulation CRR 2, and the revised Bank Recovery and Resolution Directive BRRD 2. EBA will now allow questions related to these legislations to be submitted, as they have been published in the Official Journal of the European Union. The questions submitted in the Q&A tool on the above-mentioned legislative texts should, as of August 02, 2019, pertain to the texts (and use references) as amended/updated. The Interactive Single Rulebook will be updated in due course.
The submitted questions should focus on provisions that are already applicable. For questions on issues whose application date lies in the future, EBA may defer the processing of the questions to a later stage. The processing of questions and the response time may also depend on the overall number of questions that will be received on the amended texts. Institutions, supervisors, and other stakeholders can use the Single Rulebook Q&A tool for submitting questions on CRD 5, CRR 2, BRRD 2, and the related technical standards that have been developed and adopted by EBA. The overall objective of the Q&A tool is to ensure consistent and effective application of the new regulatory framework across the Single Market and, hence, contribute to the building of the Single Rulebook in banking.
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Keywords: Europe, EU, Single Rulebook, Q&A, CRR 2, BRRD 2, CRD 5, EBA
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