Capital Requirements Directive (CRD)
CRD deadline fears
BRUSSELS AND LONDON – Concerns about the timing of the EU Capital Requirements Directive (CRD) are mounting as it is becoming clearer that delays – both due to procedural problems and disagreements related to the content of the directive – are likely to…
Trading Book review to be published in April
Basel II's Trading Book review will be published at the end of April, according to Dianne Moore, prudential programme leader at the UK's Financial Services Authority in London. The original target date for a consultation release, according to a document…
FSA releases latest paper on Basel II
LONDON -- At the end of January, the UK’s Financial Services Authority (FSA) released its newest consultation paper on Basel II implementation, CP05/3, Strengthening Capital Standards , along with a cost-benefit study of Basel II implementation, a…
CAD makes slow progress through Parliament
BRUSSELS -- The progress of the Capital Adequacy Directive (CAD) in the European Parliament remains slow. Although the European Commission (EC) was keen to have the legislation voted on before the summer, its introduction for official discussion has been…
Basel II package rapporteur named
Alexander Radwan has been named the rapporteur for the package of Basel II legislation winding its way through the European parliament.
EU CAD: behind the smiles
The industry is putting on a brave face when commenting on the latest proposals for the EU Capital Adequacy Directive, but all is not as it seems.
EU CAD: behind the smiles
The industry is putting on a brave face when commenting on the latest proposals for the EU Capital Adequacy Directive, but all is not as it seems.
EU CAD: behind the smiles
The industry is putting on a brave face when commenting on the latest proposals for the EU Capital Adequacy Directive, but all is not as it seems.
EU CAD beta lowered – but only for some
UK and European op risk executives were shocked when a EU Commission official revealed that although the beta for the trading and sales business line would be lowered to 15% from 18% in the EU's Capital Adequacy Directive, this benefit would only be…
EU Commission publishes "final" CAD text
The European Commission released its final version of the legislative text that will implement the Basel II framework within the European Union at the end of last week.
Extensive revisions expected for EU CAD in July draft
Substantial changes in content will have occurred to the EU Capital Adequacy Directive (CAD) when the final EU Commission draft is published in July. And domestic European regulators are warning that further alterations will take place to the document…
EU Commission sets out its stall on CAD
The EU Commission published a feedback document on its website today on the responses to its third consultation paper on revisions to the Capital Adequacy Directive (CAD).
EU Commission considers changes to op risk framework
The EU Commission is considering modest changes to the operational risk framework of its proposed capital adequacy directive (CAD), in response to comments received to its most recent draft, according to a source within the organisation.
EU moves to finalise CAD
With 130 responses to its latest draft of the capital adequacy directive (CAD) now in hand, the EU Commission is looking to make the directive into law.
Testy politicians muscle in on Basel II negotiations
Members of the European Parliament (MEPs) based in Brussels and members of the US House of Representatives in Washington DC are beginning to throw their weight around in the Basel II process.
UK Treasury publishes paper on implementing EU CAD in the UK
The UK Treasury yesterday published a consultation paper on how the European Union's Capital Adequacy Directive (CAD) can be best implemented within the UK and the EU as a whole.
EU Commission outlines region's Basel II impact
More than 1,000 investment firms and 9,322 banks will implement the EU's capital adequacy directive, according to Patrick Pearson, head of banking and financial conglomerates unit of the internal markets division of the EU Commission.
There can be no more Basel delays, warns Bolkestein
The European Union will not meet its CAD 3 implementation targets if the new Basel II capital Accord is hit by further delays, Frits Bolkestein, internal market and taxation commissioner for the European Commission (EC), warned at a conference today.
Goldman Sachs CP3 response published by accident
The five-page response drafted by Goldman Sachs executives to the Basel Committee on Banking Supervision's third consultative paper was published on the internet in mid-August by mistake when the committee posted other comments.
European asset managers will feel the heat from CAD3
Compliance with the third capital adequacy directive (CAD3), a consultation paper recently released by the European Commission outlining the implementation of the Basel II Accord into EU legislation, may require European asset managers to hold…
Cad text horrifies credit agencies
LONDON - Industry associations and rating agencies are concerned about the regulatory risk implications of new regulations on credit rating agencies inserted into the latest draft of the EU Cad, published in early July.
Emerging adequacy
The Committee of Chief Risk Officers' capital adequacy 'emerging practice' guidelines will, says the capital adequacy committee chair, evolve into a new regulatory body within a year.
Cad 3 will hit asset manager profits, says Mercer Oliver Wyman
The European Union's proposed third capital adequacy directive (Cad 3) will force European asset managers to hold significantly more capital than at current levels.
Cad 3 will hit asset manager profits, says Mercer Oliver Wyman
The European Union’s proposed third capital adequacy directive (Cad 3) will force European asset managers to hold significantly more capital than at current levels. This will reduce their profitability, and could prompt a shake-out in the industry,…