Capital Requirements Directive: extracts from the debate on the report by Othmar KARAS (EPP, AT)
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Event date 16/04/2013
Short description Joint debate on the Capital Requirements Directive in the EP in Strasbourg. Statements by: - Corien WORTMANN-KOOL (EPP, NL) - Udo BULLMANN (S&D, DE) - Sharon BOWLES (ALDE, UK) - Philippe LAMBERTS (Greens/EFA, BE) - Vicky FORD (ECR, UK) - Godfrey BLOOM (EFD, UK)
Duration 03:04
Reference 93329
Background - extract from the joint debate: Plenary Session in Strasbourg

The EU Capital Requirements Regulation (CRR) and Directive (CRD) aim to stabilise and strengthen the banking system by making banks set aside more and higher quality capital as a cushion against crises. The new rules should also foster a convergence of supervisory practices across the EU. Banks that are better able to withstand future crises should be more capable of financing investment and growth.

CRR, a new instrument added during the current revision of the existing CRD, lays down prudential requirements for capital, liquidity and the credit risk for investment firms and credit institutions in EU member states. As a regulation, the CRR applies directly in every member state. It can therefore impose a single set of rules across the EU, thus leaving no scope for arbitrary interpretation and ensuring certainty as to the law for all EU single market players.

All you need to know about the Capital Requirements Regulation and Directive
Production format Pre-edited
Format 16:9
Copyright © European Union, 2013
Filename ebs93329[LO-VI].mp4
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