Delegated Measures in the Banking Field : draft RTS on economic downturn in IRB modelling, Level 2 in CRD V/CRR II proposals, and CRD IV/CRR update 2018

The European Parliament's Economic and Monetary Committee's (ECON) 39th scrutiny slot on 18 June 2018 was a follow-up of the ECON scrutiny session on 28 February 2017, and on 26 March 2018. It focused on forthcoming 'Level 2' acts in the Capital Requirements Directive 2013/36/EU (CRD IV) and the Capital Requirements Regulation (EU) 575/2013 (CRR) that, together, constituted the core of the EU banking regulation, and in particular on - the Level 2 measures to be adopted in the near future under the CRD IV/CRR (update of the overview), and - in particular, on the ongoing second EBA consultation on RTS on estimation and identification of an economic downturn in IRB modelling, and - a brief factual outlook to the delegated acts (DAs) and Regulatory Technical Standards (RTS) as proposed by the European Commission in the CRD V and CRR II proposals.

CRD and CRR contained empowerments for the Commission to adopt ‘level 2’ measures (e.g. delegated acts and regulatory technical standards).

Background information

Briefing: Scrutiny Papers are drawn up by officials of the relevant committees of the European Parliament to help Members of the European Parliament (MEPs) on the committees in their work on scrutiny of delegated acts.

Delegated acts are legally binding acts that enable the European Commission to supplement or amend non‑essential parts of EU legislative acts for example, in order to define detailed measures.

ESO: Background information: Commissioner Hill welcomes agreement on the revised Payment Services Directive http://www.europeansources.info/record/press-release-commissioner-hill-welcomes-agreement-on-the-revised-payment-services-directive/

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