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ARTICLE · 04 MARCH 2014

The Revised Capital Requirements Regime ("CRD IV")

The Irish implementing statutory instrument has not yet been published by the Department of Finance but is expected in the next few months.

European UnionFinance and Banking

CRD IV is made up of the Capital Requirements Regulation 2013/575/EU ("CRR"), which is directly applicable to firms across the EU since 1 January 2014, and the Capital Requirements Directive 2013/36/EU ("CRD"), which must be implemented through national law. The Irish implementing statutory instrument has not yet been published by the Department of Finance but is expected in the next few months.

What are the key changes?

The purpose of CRD IV is to enhance financial stability, safeguard the interests of creditors and taxpayers, enhance the level playing field globally while ensuring international competitiveness of the EU banking sector and promoting the integrity of the Internal Market.

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