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ARTICLE · 06 SEPTEMBER 2024

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Minister for Finance announces publication of consultation on the implementation of the Capital Requirements Regulation III...

IrelandFinance and Banking
Matheson LLP
Matheson LLP
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1. Minister for Finance announces publication of consultation on the implementation of the Capital Requirements Regulation III

On 20 August 2024, the Minister for Finance, Jack Chambers, announced the publicationOpens in new window of a public consultation ("Consultation") on the implementation of the Capital Requirements Regulation III ("CRR III").

The aim of the Consultation is to obtain submissions on the implementation of the national discretions contained in CRR III. The majority of the amendments to the Capital Requirements Regulation of 2013 ("CRR") will take direct effect from 1 January 2025. However, amendments relating to the calculation of own funds requirements for market risk regime have been postponed, by one year, to January 2026 (see update below on same).

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