This Consultation Paper is an update to CP09/291, which set out the FSA's proposals for implementing changes to the Capital Requirements Directive (CRD) from the European Commission’s CRD2 and CRD3 packages of amendments.
The purpose of this CP is to:
• set out implementation proposals for the areas of CRD3 that we have not previously consulted on;
• re-consult where, since CP09/29, proposals for CRD3 implementation have changed;
• provide feedback where not already given, and additional clarification where appropriate, to responses received on the CRD3 proposals in CP09/29; and
• consult on Committee of European Banking Supervisors (CEBS) guidance in relation to CRD2 implementation, which was released late in 2010.
The Financial Services Authority (FSA) invites comments on this Consultation Paper. The deadline for comments on Chapters 2-4 is 11 July 2011, and on Chapter 5, 11 June 2011.
Full Consultation Paper
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