Capital Requirements Regulation 2013

Regulation 575/2013

European Union regulation
Text with EEA relevance
Title	on prudential requirements for credit institutions and investment firms
Made by	European Parliament and Council
Made under	Article 114 of the TFEU.
Journal reference	OJ L 176, 27.6.2013, p. 1–337
History
Date made	26 June 2013
Implementation date	27 June 2013
Applies from	1 January 2014, with the exception of: Article 8(3), Article 21 and Article 451(1), which shall apply from 1 January 2015; Article 413(1), which shall apply from 1 January 2016; the provisions of this Regulation that require the ESAs to submit to the Commission draft technical standards and the provisions of this Regulation that empower the Commission to adopt delegated acts or implementing acts, which shall apply from 31 December 2014.
Preparative texts
EESC opinion	OJ C 68, 6.3.2012, p. 39.
Other legislation
Replaces	Directive 2006/48/EC and Directive 2006/49/EC (among others)
Amends	Regulation (EU) No 648/2012
Current legislation

Directive 2013/36/EU

European Union directive
Text with EEA relevance
Title	on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms
Made by	European Parliament and Council
Made under	Article 53(1) of the TFEU.
Journal reference	OJ L 176, 27.6.2013, p. 338–436
History
Date made	26 June 2013
Implementation date	18 July 2013
Applies from	31 December 2013
Preparative texts
EESC opinion	OJ C 68, 6.3.2012, p. 39–44
Other legislation
Replaces	Directive 2006/48/EC and Directive 2006/49/EC (among others)
Amends	Directive 2002/87/EC
Amended by	Directive 2014/17/EU and Directive 2014/59/EU
Current legislation

The Capital Requirements Regulation (EU) No. 575/2013 is an EU law that aims to decrease the likelihood that banks go insolvent.^[1] With the Credit Institutions Directive 2013 the Capital Requirements Regulation 2013 (CRR 2013) reflects Basel III rules on capital measurement and capital standards.

Previous rules were found in the Capital Requirements Directives (2006/48 and 2006/49). Together the new rules are sometimes referred to in the media as the “CRD IV” package. It applies from 1 January 2014. This is the third set of amendments to the original directives, following two earlier sets of revisions adopted by the Commission in 2008 (CRD II) and 2009 (CRD III).^[2]