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BackThe AK would like to convey the following statement on the proposal of the Commission for a Directive of the European Parliament and of the Council on the access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms and amending Directive 2002/87/EC of the European Parliament and of the Council on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate (CRD IV; COM(2011) 453 final) and on the proposal of the Commission for the Regulation of the European Parliament and the Council on prudential requirements for credit institutions and investment firms (COM(2011) 452 final):
The European Commission has submitted on 20 July 2011 a legislative proposal implementing the BâleBâle III accord into European law. The European Parliament and the Council of the European Union have yet to approve the legislative proposal. The Regulations are to be adopted in 2012 and shall come into force on 1. January 2013.<br />
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Thomas Zotter
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Christina Wieser
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