The legislative amendments to the EU's Capital Requirements Regulation and the Capital Requirements Directive, widely referred to as "CRD5" or "CRR2", have been published in the Official Journal of the European Union. Subject to certain exceptions, the Regulation amending CRR will apply directly across the EU from June 28, 2021. EU Member States are required to transpose the Directive amending CRD into their national laws and to apply those provisions from December 29, 2020, subject to certain exceptions.
The changes to CRR and CRD IV include:
View the Regulation amending CRR.
View the Directive amending CRD.
You may also like to view our client note on the new EU IPU requirements for non-EU groups.
View details of the legislative changes to the BRRD.
[View source.]