Regulation (EU) 575/2013 on prudential requirements for credit institutions (Capital Requirements Regulation)

Overview

The Capital Requirements Regulation (CRR) establishes prudential requirements for credit institutions and investment firms in the EU, implementing the Basel III framework. It sets requirements for own funds (Common Equity Tier 1, Additional Tier 1, Tier 2), capital buffers (conservation, countercyclical, systemic), large exposures, liquidity coverage (LCR), stable funding (NSFR), and leverage ratio. The CRR works together with the Capital Requirements Directive (CRD IV) to create the single rulebook for EU banking. Regulation (EU) 575/2013 applies from 1 January 2014 with phased implementation.

This eu regulation (32013R0575) is part of the EU’s legal framework governing banking. EU banking regulation establishes prudential requirements for credit institutions, implementing international Basel standards and creating a single rulebook for EU banking.

Type: EU Regulation

CELEX Number: 32013R0575

Date of Effect: See the official publication in the Official Journal of the European Union.

Key Provisions

Regulation (EU) 575/2013 on prudential requirements for credit institutions (Capital Requirements Regulation) establishes the core legal framework in this field. For specific provisions, articles, and implementing measures, consult the full text on EUR-Lex.

Significance

This legislation represents a key component of EU law in the area of banking. It reflects the EU’s approach to harmonization and regulatory policy within the internal market framework.