Version status: Repealed | Document consolidation status: Updated to reflect all known changes

Published date: 30 June 2006

Directive 2006/48/EC - Banking Consolidation Directive (recast as part of the Capital Requirements Directive - CRD)

	Recitals
	Title I Subject matter, scope and definitions (arts. 1-5)
	Article 1
	Article 2
	Article 3
	Article 4
	Article 5
	Title II Requirements for access to the taking up and pursuit of the business of credit institutions (arts. 6-22)
	Article 6
	Article 7
	Article 8
	Article 9
	Article 10
	Article 11
	Article 12
	Article 13
	Article 14
	Article 15
	Article 16
	Article 17
	Article 18
	Article 19
	Article 19a
	Article 19b
	Article 20
	Article 21
	Article 22
	Title III Provisions concerning the freedom of establishment and the freedom to provide services (arts. 23-37)
	Section 1 Credit institutions (art. 23)
	Article 23
	Section 2 Financial instit utions (art. 24)
	Article 24
	Section 3 Exercise of the right of establishment (arts. 25-27)
	Article 25
	Article 26
	Article 27
	Section 4 Exercise of the freedom to provide services (art. 28)
	Article 28
	Section 5 Powers of the competent authorities of the host Member State (arts. 29-37)
	Article 29
	Article 30
	Article 31
	Article 32
	Article 33
	Article 34
	Article 35
	Article 36
	Article 37
	Title IV Relations with third countries (arts. 38-39)
	Section 1 Notification in relation to third countries' undertakings and conditions of access to the markets of these countries (art. 38)
	Article 38
	Section 2 Cooperation with third countries' competent authorities regarding supervision on a consolidated basis (art. 39)
	Article 39
	Title V Principles and technical instruments for prudential supervision and disclosure (arts. 40-149)
	Chapter 1 Principles of prudential supervision (arts. 40-55)
	Section 1 Competence of home and host Member State (arts. 40-43)
	Article 40
	Article 41
	Article 42
	Article 42a
	Article 42b
	Article 43
	Section 2 Exchange of information and professional secrecy (arts. 44-52)
	Article 44
	Article 45
	Article 46
	Article 47
	Article 48
	Article 49
	Article 50
	Article 51
	Article 52
	Section 3 Duty of persons responsible for the legal control of annual and consolidated accounts (art. 53)
	Article 53
	Section 4 Power of sanction and right to apply to the courts (arts. 54-55)
	Article 54
	Article 55
	Chapter 2 Technical instruments of prudential supervision (arts. 56-122)
	Section 1 Own funds (arts. 56-67)
	Article 56
	Article 57
	Article 58
	Article 59
	Article 60
	Article 61
	Article 62
	Article 63
	Article 63a
	Article 64
	Article 65
	Article 66
	Article 67
	Section 2 Provision against risks (arts. 68-75)
	Subsection 1 Level of application (arts. 68-73)
	Article 68
	Article 69
	Article 70
	Article 71
	Article 72
	Article 72a
	Article 73
	Subsection 2 Calculation and reporting requirements (art. 74)
	Article 74
	Subsection 3 Minimum level of own funds (art. 75)
	Article 75
	Section 3 Minimum own funds requirements for credit risk (arts. 76-101)
	Article 76
	Article 77
	Subsection 1 Standardised approach (arts. 78-83)
	Article 78
	Article 79
	Article 80
	Article 81
	Article 82
	Article 83
	Subsection 2 Internal Ratings Based Approach (arts. 84-89)
	Article 84
	Article 85
	Article 86
	Article 87
	Article 88
	Article 89
	Subsection 3 Credit risk mitigation (arts. 90-93)
	Article 90
	Article 91
	Article 92
	Article 93
	Subsection 4 Securitisation (arts. 94-101)
	Article 94
	Article 95
	Article 96
	Article 97
	Article 98
	Article 99
	Article 100
	Article 101
	Section 4 Minimum own funds requirements or operational risk (arts. 102-105)
	Article 102
	Article 103
	Article 104
	Article 105
	Section 5 Large exposures (arts. 106-119)
	Article 106
	Article 107
	Article 108
	Article 109
	Article 110
	Article 111
	Article 112
	Article 113
	Article 114
	Article 115
	Article 116
	Article 117
	Article 118
	Article 119
	Section 6 Qualifying holdings outside the financial sector (arts. 120-122)
	Article 120
	Article 121
	Article 122
	Section 7 Exposures to transferred credit risk (art. 122a)
	Article 122a
	Chapter 3 Credit institutions' assessment process (art. 123)
	Article 123
	Chapter 4 Supervision and disclosure by competent authorities (arts. 124-144)
	Section 1 Supervision (arts. 124-143)
	Article 124
	Article 125
	Article 126
	Article 127
	Article 128
	Article 129
	Article 130
	Article 131
	Article 131a
	Article 132
	Article 133
	Article 134
	Article 135
	Article 136
	Article 137
	Article 138
	Article 139
	Article 140
	Article 141
	Article 142
	Article 143
	Section 2 Disclosure by competent authorities (art. 144)
	Article 144
	Chapter 5 Disclosure by credit institutions (arts. 145-149)
	Article 145
	Article 146
	Article 146a
	Article 147
	Article 148
	Article 149
	Title VI Delegated acts and powers of execution (arts. 150-151c)
	Article 150
	Article 151
	Article 151a Exercise of the delegation
	Article 151b Revocation of the delegation
	Article 151c Objections to delegated acts
	Title VII Transitional and Final provisions (arts. 152-160)
	Chapter 1 Transitional provisions (arts. 152-155)
	Article 152
	Article 153
	Article 154
	Article 155
	Chapter 2 Final provisions (arts. 156-160)
	Article 156
	Article 156a
	Article 157
	Article 158
	Article 159
	Article 160
	Annex I List of activities subject to mutual recognition
	Annex II Classification of off-balance-sheet items
	Annex III The treatment of counterparty credit risk of derivative instruments, repurchase transactions, securities orcommodities lending or borrowing transactions, long settlement transactions and margin lending transactions
	Annex III Part 1 Definitions
	Annex III Part 2 Choice of the method
	Annex III Part 3 Mark-to-Market Method
	Annex III Part 4 Original Exposure Method
	Annex III Part 5 Standardised Method
	Annex III Part 6 Internal Model Method
	Annex III Part 7 Contractual netting (contracts for novation and other netting agreements)
	Annex IV Types of derivatives
	Annex V Technical criteria concerning the organisation and treatment of risks
	Annex VI Standardised approach
	Annex VI Part 1 Risk weights
	Annex VI Part 2 Recognition of ECAIs and mapping of their credit assessments
	Annex VI Part 3 Use of ECAIs' credit assessments for the determination of risk weights
	Annex VII Internal ratings based approach
	Annex VII Part 1 Risk weighted exposure amounts and expected loss amounts
	Annex VII Part 2 PD, LGD and Maturity
	Annex VII Part 3 Exposure value
	Annex VII Part 4 Minimum requirements for IRB Approach
	Annex VIII Credit risk mitigation
	Annex VIII Part 1 Eligibility
	Annex VIII Part 2 Minimum Requirements
	Annex VIII Part 3 Calculating the effects of credit risk mitigation
	Annex VIII Part 4 Maturity Mismatches
	Annex VIII Part 5 Combinations of credit risk mitigation in the Standardised Approach
	Annex VIII Part 6 Basket CRM techniques
	Annex IX Securitisation
	Annex IX Part 1 Definitions for the purposes of Annex IX
	Annex IX Part 2 Minimum requirements for recognition of significant credit risk transfer and calculation of risk-weighted exposure amounts and expected loss amounts for securitised exposures
	Annex IX Part 3 External credit assessments
	Annex IX Part 4 Calculation
	Annex X Operational risk
	Annex X Part 1 Basic Indicator Approach
	Annex X Part 2 Standardised Approach
	Annex X Part 3 Advanced Measurement Approaches
	Annex X Part 4 Combined use of different methodologies
	Annex X Part 5 Loss event type classification
	Annex XI Technical criteria on review and evaluation by the competent authorities
	Annex XII Technical criteria on transparency and disclosure
	Annex XII Part 1 General criteria
	Annex XII Part 2 General requirements
	Annex XII Part 3 Qualifying requirements for the use of particular instruments or methodologies
	Annex XIII
	Annex XIII Part A Repealed Directives Together With Their Successive Amendments (referred To In Article 158)
	Annex XIII Part B deadlines for transposition (referred to in Article 158)
	Annex XIV Correlation table
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