Press Release: European Commission extends transitional period for capital requirements for banks’ exposures to CCPs

On 04 June 2015 the European Commission has adopted an implementing act that will extend the transitional period for capital requirements for EU banking groups’ exposures to central counterparties (CCPs) under the Capital Requirements Regulation (CRR). The CRR introduced a capital requirement for the exposures of EU banks and their subsidiaries to a CCP.