Members' Research Service By / April 3, 2017

Amending capital requirements: The ‘CRD-V package’ [EU Legislation in Progress]

Despite significant progress since the financial crisis of 2007-2008, the overhaul of the financial regulatory framework remains a European Commission priority.

Concept of risk in business presented by crossword

Written by Carla Stamegna (4th edition),

Profit loss and risk words on workplace collected of wooden cube
© adam121 / Fotolia

In May 2019, the European Parliament and the Council (the co-legislators) adopted the legislative proposals amending the Capital Requirements Directive and Regulation, which establish the prudential framework for financial institutions operating in the EU. The amendments implement the most recent regulatory standards for banks, set at international level (‘Basel III framework’). They also address some regulatory shortcomings and aim to contribute to sustainable bank financing of the economy. The final acts were published in the Official Journal on 7 June 2019. The new provisions will for the most part apply as of 2021.


Proposal for a Directive of the European Parliament and of the Council amending Directive 2013/36/EU as regards exempted entities, financial holding companies, mixed financial holding companies, remuneration, supervisory measures and powers and capital conservation measures

Proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) No 575/2013 as regards the leverage ratio, the net stable funding ratio, requirements for own funds and eligible liabilities, counterparty credit risk, market risk, exposures to central counterparties, exposures to collective investment undertakings, large exposures, reporting and disclosure requirements and amending Regulation (EU) No 648/2012

Committee responsible: Economic and Monetary Affairs (ECON)

COM(2016) 850 & 854

procedure ref.: 2016/0360A(COD), 0364(COD)

Ordinary legislative procedure (COD) (Parliament and Council on equal footing – formerly ‘co-decision’)

Rapporteur: Peter Simon (S&D, Germany)
Shadow rapporteurs: Othmar Karas (EPP, Austria)
Ashley Fox (ECR, UK)
Caroline Nagtegaal  (ALDE, The Netherlands)
Matt Carthy (GUE/NGL, Ireland)
Sven Giegold (Greens/EFA, Germany)
Philippe Lamberts (Greens/EFA, Belgium)
Marco Valli (EFDD, Italy)
Marco Zanni (ENF, Italy)
Procedure completed. Regulation (EU) 2019/876

Directive 2019/878

OJ L 150, 7.6.2019, pp. 1-225 & pp. 253-295

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