Question regarding capital requirements in the EU
Dear Financial Stability, Financial Services and Capital Markets Union,
Under the right of access to documents in the EU treaties, as developed in Regulation 1049/2001, I am requesting documents which contain the following information:
Does the CRD IV and CRR allow a member state to apply higher/stricter capital standards than the ones defined in the 2013 directive?
Yours faithfully,
Kristian F
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Best regards,
ACCESS TO DOCUMENTS TEAM
European Commission
Secretariat General
Unit B4 - Transparency
Dear Financial Stability, Financial Services and Capital Markets Union,
My full name is Kristian Frederiksen and my adress:
Holsteinborgvej 26 2. Th
2720 Vanløse
DENMARK
Yours faithfully,
Kristian Frederiksen
Dear Mr Frederiksen,
Thank you for your e-mail dated 04/11/2016.
We hereby acknowledge receipt of your application for access to documents,
which was registered on 08/11/2016 under GESTDEM 2016/6256 reference
In accordance with Regulation (EC) No 1049/2001 regarding public access to
European Parliament, Council and Commission documents, your application
will be handled within 15 working days. The time limit will expire on
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informed in due course.
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Yours faithfully,
ACCESS TO DOCUMENTS TEAM
European Commission
Secretariat General
Unit B4 – Transparency
Dear Mr Frederiksen,
Your request is not a request for access to documents but a request for
information.
It will be treated according the rules of the code of good administrative
behaviour.
Yours sincerely,
FISMA ACCESS TO DOCUMENTS
Directorate-General for Financial Stability, Financial Services and
Capital Markets Union
Unit 02 " Unit 02 "Inter-institutional Relations, planning and
stakeholders' relations"
1049 Brussels, Belgium
Dear Mr. Frederiksen,
Thank you for your enquiry of 8th November about the application of
stricter standards by Member States than defined in Directive 2013/36/EU.
Art. 1(a) of the Credit Requirement Regulation (CRR) fully harmonises
capital requirements relating to entirely quantifiable, uniform and
standardised elements of credit risk, market risk, operational risk and
settlement risk. Member States cannot impose tighter limits than the ones
set in the CRR, unless in the cases where the EU legislation provides
otherwise.
The CRR capital requirements are supplemented by individual arrangements
to be decided by the competent authorities as a result of their ongoing
supervisory review of each individual credit institution/investment firm
and by the combined buffer requirement as provided for in the Credit
Requirement Directive (CRD). Whether or not a Member State can set tighter
capital requirements than those referred to in the CRD depends on the
specific rule considered and on the derogation to this rule provided for
in EU legislation.
I hope this replies your question.
Kind regards,
Giulia BERTEZZOLO
Legal Officer
European Commission
Directorate-General for Financial Stability, Financial Services and
Capital Markets Union
Unit D1 – Bank regulation and supervision
1049 Brussels, Belgium
Dear Financial Stability, Financial Services and Capital Markets Union,
Under the right of access to documents in the EU treaties, as developed in
Regulation 1049/2001, I am requesting documents which contain the
following information:
Does the CRD IV and CRR allow a member state to apply higher/stricter
capital standards than the ones defined in the 2013 directive?
Yours faithfully,
Kristian Frederiksen
Holsteinborgvej 26 2. Th
2720 Vanløse
DENMARK
Yours faithfully,
Kristian Frederiksen