Cookies?
Library Header Image
LSE Research Online LSE Library Services

The 2013 Capital Requirements Directive IV and Capital Requirements Regulation: implications and institutional effects

Moloney, Niamh (2016) The 2013 Capital Requirements Directive IV and Capital Requirements Regulation: implications and institutional effects. Zeitschrift für öffentliches Recht, 71 (3). pp. 385-423. ISSN 0948-4396

[img]
Preview
PDF - Accepted Version
Download (542kB) | Preview

Abstract

Abstract This survey article considers the background to and major features of the behemoth 2013 CRD IV/CRR regime which governs the prudential regulation and supervision of banks and investment firms in the EU. The CRD IV/CRR regime is in its infancy. Initial empirical assessments suggest, however, that while it is likely to strengthen bank stability, it may also contribute to a contraction in the funding capacity of the EU financial system. While the ultimate effects of CRD IV/CRR are unclear, it can reasonably be speculated that unintended and potentially prejudicial effects may arise. This article suggests that the extent to which CRD IV/CRR can be applied flexibly, amplified and corrected reasonably easily, and supervised in a manner which supports consistency of application across the EU as well as an appropriate level of national supervisory discretion, will therefore have a significant influence on the ability of the EU to mitigate the risk of these effects arising. After reviewing the background to and major features of CRD IV/CRR, the article considers the extent to which the harmonization model deployed under CRD IV/CRR, the EU’s regulatory capacity to amplify and correct CRD IV/CRR, and the supervisory governance arrangements which support CRD IV/CRR are likely to mitigate the risks of unintended and prejudicial effects.

Item Type: Article
Official URL: http://elibrary.verlagoesterreich.at/main/e-journa...
Additional Information: © 2016 Verlag Österreich
Divisions: Law
Subjects: K Law > K Law (General)
Sets: Departments > Law
Date Deposited: 15 Aug 2016 14:01
Last Modified: 11 Aug 2019 23:06
URI: http://eprints.lse.ac.uk/id/eprint/67481

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics