The European Parliament approved the Capital Requirements Directive (CRD) IV package on the 16 April 2013. The process bringing it into force is complex and depends on when the package is published in the Official Journal.
This hot topic explains the legal and technical process and how some states will struggle to implement the directive in time meaning the same rules will not necessarily apply across the EU from 1 January 2014. Implementation of the Directive and Capital Requirements Regulation (CCR) also relies on supplementary measures which can also take a considerable amount of time to process.
To stay on top of CRD IV businesses will need to keep an eye on the bigger picture whilst delivering a complex technical programme with national flexibility. So now is the time to review and refresh CRD IV programmes to ensure they have the rigour and flexibility to respond to these challenges.