CAPITAL REQUIREMENTS DIRECTIVE
IRELAND
Implementing Legislation: The Minister for Finance, on
31 March 2014, announced that he had signed into law two statutory
instruments, one giving effect to the Capital Requirements
Directive (Directive 2013/36/ EU) (the Capital Requirements
Directive) and the other giving effect to technical requirements
connected to the Capital Requirements Regulation (Regulation
(EU) No 575/2013) (the CRR and, together with the Capital
Requirements Directive, known as CRD IV). We will be issuing a
further client briefing over the coming days examining these
measures in greater detail.
New Central Bank Consultation: The Central Bank has
published CP 80 on its proposed approach to calculating the
Liquidity Coverage Ratio under the CRR during the interim
observation period which will run until the expected Commission
Delegated Regulation, specifying the Liquidity Coverage Requirement
as a prudential ratio, comes into force (expected in
