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June 18, 2018

European Parliament published a briefing that has been prepared to support the work of ECON Committee on the scrutiny of delegated acts, in particular the discussion of June 18, 2018 on the forthcoming draft measures (Delegated Acts) and in particular regulatory technical standards under the Capital Requirements Directive 2013/36/EU (CRD IV) and the Capital Requirements Regulation (EU) No 575/2013 (CRR). It covers the EBA draft regulatory technical standards on estimation and identification of an economic downturn in internal ratings-based (IRB) modeling and provides an overview to the Delegated Acts and regulatory technical standards, as proposed by EC in the CRD V (COM(2016)854) and CRR II (COM(2016)850) proposals.

The briefing focuses on the forthcoming (and outstanding) "Level 2" measures (for example, delegated acts and regulatory technical standards) under CRD IV and CRR, which, together, constitute the core of the EU banking regulation. In view of the prerogative of the European Parliament to object to delegated acts/regulatory technical standards, this briefing provides an updated overview table on the state of play of these measures; it also focuses on the draft EBA regulatory technical standards on estimation and identification of an economic downturn in IRB modeling, which is under consultation (for the second time) because particular attention is paid to the methods on how banks’ capital requirements are measured. Thus, they are crucial for the application of the CRR/CRD IV and for the industry in view of their substantive impact on capital needed. Finally, the briefing contains a brief outlook on Level 2 measures proposed by EC in CRD V and CRR II. CRD and CRR contain empowerments for EC to adopt Level 2 measures.

 

Related Link: European Parliament Briefing

Keywords: Europe, EU, Banking, CRR 2, CRD 5, Briefing, Regulatory Technical Standards, IRB Modeling, European Parliament

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