What is it about?

The Capital Requirements Directive (CRD) IV, which constitutes the Capital Requirements Regulation (CRR), as well as the Capital Requirements Directive (CRD), is aimed at implementing Basel III in the European Union. Consequently, this CRD package, replaces Directives 2006/48 and 2006/49 with a Regulation and a Directive.

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Why is it important?

The significance of such a move not only highlights the awareness of the importance of ensuring that Basel rules and regulations become more binding and enforceable, but also signals an era whereby the use of enforcement and supervisory tools such as Binding Technical Standards (BTS) are being introduced and generated by the European Banking Authority, as its plays a crucial role in the implementation of Basel III in the EU.

Perspectives

As well as highlighting and addressing gaps which exist in the literature relating to liquidity risks, corporate governance and information asymmetries, the rise of macro economics, micro economic inefficiency debates - as well as the validity of such debates will be considered.

Prof Marianne Ojo
Northwestern University

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This page is a summary of: Capital Requirements Directive (CRD) IV, IGI Global,
DOI: 10.4018/978-1-5225-4131-8.ch014.
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