The FSA has set out its proposals for key aspects of UK implementation of the EU Capital Requirements Directive (CRD) in a consultation paper (CP) issued today. The CRD is closely linked to the Revised Basel Framework agreed in June 2004. The aim of the CRD is to introduce a modern, risk-sensitive prudential framework for credit institutions and investment firms across the EU.
See Press Release.
Also see the CP05/03: Strengthening capital standards Directive, including feedback on CP189 and other relevant documentation, which closes for consultation on 29 April 2005.
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