On 27 October 2021, European Commission published the Proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) No 575/2013 as regards requirements for credit risk, credit valuation adjustment risk, operational risk, market risk and the output floor (CRR3) (COM(2021) 664 final / 2021/0342 (COD)) to amend the CRR (575/2013/EU).
The condensed text below shows the proposed amendments from the COM(2021) 664 final / 2021/0342 (COD) for affected provisions only.
Provisions amended
- Article 4 Definitions
- Article 5 Definitions specific to capital requirements for credit risk
- Article 6 General principles
- Article 10a Application of prudential requirements on a consolidated basis where investment firms are parent undertakings
- Article 11 General treatment
- Article 18 Methods of prudential consolidation
- Article 20 Joint decisions on prudential requirements
- Article 27 Capital instruments of mutuals, cooperative societies, savings institutions or similar institu