CRD IV: Two meetings planned in Strasbourg
Friday 08 June 2012
Three-way meetings will continue on the reform of prudential rules for banks known as CRD IV (a regulation and directive presented in July 2011 to implement the Basel III rules), during the European Parliament’s plenary session in Strasbourg, on 11-14 June. Two meetings are planned, at which Parliament and the Council are expected to delve further into the heart of the subject, in particular the systemic buffers. The Council has proposed a systemic risk buffer that authorises member states to set tougher capital requirements, while Parliament supports more binding capital requirements for systemically important institutions (GSIFI). The Commission has been asked to come up with wording that combines the two amendments. The definition of capital, capital ratios and bankers’ remuneration may also be discussed.