EBA provides overview on the implementation and transposition of the CRD IV package

10 December 2014

The EBA published today, in an aggregated format, all the information disclosed by EU Competent Authorities according to its Implementing Technical Standards (ITS) on supervisory disclosure which was published in the EU Official Journal on 4 June 2014. This information provides an overview on the implementation and transposition of the Capital Requirements Directive (CRDIV) and Capital Requirements Regulation (CRR) across the EU. It also provides a detailed picture on the use of options and national discretions by each and every EU Member State. Finally, it provides aggregate statistical data on the EU banking sector as at end 2013.
The information disclosed on the implementation and transposition of the CRDIV package covers all EU Member States but Cyprus, Lithuania, Poland and Portugal, which are expected to update this section very soon.

Legal basis and next steps

With a view of providing meaningful comparisons, Article 143(1) of the CRDIV requires Competent Authorities to publish information on the texts of laws, regulations, administrative rules and general guidance adopted in their Member State in the field of prudential regulation, on the manner of exercise of the options and discretions available in Union law, on the general criteria and methodologies used for the purpose of the supervisory review and evaluation process (SREP) and finally aggregate statistical data on key aspects of the prudential framework in each Member State. 
Following the overview of national options and discretions, the EBA remains committed to providing meaningful comparisons across the EU and to promoting convergence.