Within the EU, the European Commission has decided to implement Basel III through the use of a Regulation and a Directive, commonly referred to simply as ‘CRD IV’. The proposals represent a shift across the banking regulatory regime to address the market failures revealed by the financial crisis.
CRD IV is bringing about a paradigm shift in capital and liquidity standards with market and competitor pressures already creating an expectation that banks need to meet the new standards ahead of schedule. Therefore firms need to ensure they are fully engaged with CRD IV in order to successfully navigate the change and place themselves at a competitive advantage.
Review the implications for you by downloading our summary.