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01/01/2017

Commission presents amendments to CRR, CRDIV, BRRD and SRMR

On 23 November 2016, the European Commission has presented a comprehensive package of reforms to further strengthen the resilience of EU banks.

On 23 November 2016, the European Commission has presented a comprehensive package of reforms to further strengthen the resilience of EU banks. The proposed legislative package aims at amending the CRR, CRD IV, as well as the Bank Recovery and Resolution Directive (BRRD) and the Single Resolution Mechanism Regulation (SRMR). This proposal builds on existing EU banking rules and aims to complete the post crisis regulatory agenda by making sure that the regulatory framework addresses any outstanding challenges to financial stability, while ensuring that banks can continue to support the real economy.