Finalyse - Composing Solutions for Finance

"#strongbanks" Banking Reform Package

Finalyse - Composing solutions for Finance

On 23 November 2016, the European Commission presented a banking reform package. Labelled with the hashtag #strongbanks, it seeks to support resilience of banks and transposes international standards set by the Basel Committee into EU law. The package consists of five proposals introducing amendments to the Capital Requirements Directive (CRD IV), the Capital Requirements Regulation (CRR), the Banking Recovery and Resolution Directive (BRRD) and the Single Resolution Mechanism Regulation (SRMR). The CRR2 package amending the CRD IV and the CRR introduces a binding leverage ratio, a binding net stable funding ratio, IFRS 9 and more risk-sensitive capital requirements according to the Fundamental Review of the Trading Book (FRTB). The revised resolution framework of BRRD and SRMR adapts the Minimum Requirement for own funds and Eligible Liabilities (MREL) to comply with the international standard of the Total Loss Absorbing Capacity (TLAC).

Finalyse is closely following the policy development of this major reform. Our experts assist banks in breaking down the comprehensive package in individual compliance tasks and support implementation of the new rules.

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