Over 8,000 banks and investment firms across the EU are bracing themselves for the introduction of sweeping prudential reforms in less than six months after the recast Capital Requirements Directive (CRD IV) and the Capital Requirements Regulation were published in the Official Journal. CRD IV and the CRR will apply from 1 January 2014. In other news:.
The Parliamentary Commission on Banking Standards published their long awaited report on banker conduct. See our feature article for more information on the changes suggested compared with the powers already available to regulators.