Report on effects of Regulation (EU) 575/2013 and Directive 2013/36/EU on the economic cycle

Author (Corporate)
Series Title
Series Details (2018) 172 final (9.4.18)
Publication Date 09/04/2018
Content Type ,

Background and further information:

Regulation (EU) 575/2013 on prudential requirements for credit institutions and investment firms requires the Commission to examine periodically whether risk-sensitive regulatory requirements, as established in that Regulation and in Directive 2013/36/EU on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, create unintended procyclical effects by reinforcing the endogenous relationship between the financial system and the real economy and thereby amplifying the real economic cycle.

The Commission is required to submit a proposal for any appropriate corrective measures, should such procyclical effects be found. The specific goal of this report is thus to analyse whether there is evidence that the provisions in Regulation (EU) 575/2013 and Directive 2013/36/EU contribute to any procyclical effects of capital ratio requirements.

Source Link Link to Main Source https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2018:172:FIN
Related Links
European Commission: SWD(2018)89: Commission Staff Working Document accompanying the report https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=SWD:2018:089:FIN

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