|Author (Corporate)||European Commission: DG Financial Stability Financial Services and Capital Markets Union|
|Series Details||COM (2021) 663|
Legislative initiative tabled by the European Commission on 27 October 2021, introducing amendments to Directive 2013/36/EU and Directive 2014/59/EU. This is a text with EEA relevance.
Directive 2013/36/EU - also known as the Capital Requirements Directive (CRD IV) - governs access to deposit taking by banks and investment firms. Directive 2014/59/EU establishes common rules in the European Union (EU) for the recovery and restructuring of failing banks.
This initiative has two general objectives: contributing to financial stability and contributing to the steady financing of the economy in the context of the post-pandemic economic recovery. These aims can be broken down in four more specific objectives:
The proposal was put forward by the European Commission on 27 October 2021, as part of the so-called 2021 Banking Package.
|Subject Categories||Economic and Financial Affairs|
|Subject Tags||Banking Union, Financial Services|
|Keywords||Banks | Banking