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11 Capital Requirements Directive (CRD IV)/Capital Requirements Regulation (CRR) »
Stuart Willey
From: Brexit and Financial Regulation
Edited By: Jonathan Herbst, Simon Lovegrove
This chapter focuses on the CRD IV and the CRR. EU credit institutions have legal rights under CRD IV to provide certain services across the EEA. Article 33 of CRD IV allows credit institutions to passport the banking services and activities listed in Annex 1 of CRD IV, and for which they have been authorised to undertake in their home state, to clients and counterparties across the EEA. These include the following services and activities: taking deposits or other repayable funds; lending; payment services; trading on own account or for customers; and safe custody services. Once the UK has left the EU, UK-incorporated firms will no longer be able to passport their services from the UK across the EEA. A UK credit institution that seeks to provide banking services to EU clients will be required to become authorised under CRD IV or within individual EEA member states. Moreover, there is no mechanism to grant equivalence to the UK in respect of the CRR/CRD IV regime.
Detailed Contents »
Edited By: Michael Blair, George Walker, Stuart Willey
From: Financial Markets and Exchanges Law (2nd Edition)
Edited By: Michael Blair, George Walker, Stuart Willey
Detailed Contents »
Edited By: Michael Blair, George Walker, Stuart Willey
From: Financial Markets and Exchanges Law (3rd Edition)
Edited By: Michael Blair, George Walker, Stuart Willey
Part V European Markets and Exchanges, 13 The European System of Financial Supervision »
Stuart Willey
From: Financial Markets and Exchanges Law (2nd Edition)
Edited By: Michael Blair, George Walker, Stuart Willey
13.01 The new European System of Financial Supervision (ESFS), which has been in place since 1 January 2011, comprises: 13.02 The ESFS was established following the publication of a report from a ‘high-level’ group chaired by Jacques de Larosière in February 2009.1 The de Larosière Report marked a highly significant EU institutional response to the financial markets crisis that had begun in the autumn of 2007. The central thrust of this report was to recommend action to ‘repair’ the European system for financial regulation and macro-economic oversight. The...
Part VI European Securities Markets Supervision, 16 The European System of Financial Supervision »
Edited By: Stuart Willey
From: Financial Markets and Exchanges Law (3rd Edition)
Edited By: Michael Blair, George Walker, Stuart Willey
This chapter focuses on the European System of Financial Supervision (ESFS), which was established following the publication of a report from a “high—level” group chaired by Jacques de Larosière in February 2009. It explains that the de Larosière Report marked a highly significant EU institutional response to the financial markets crisis that had begun in the autumn of 2007. It also discusses the European Systemic Risk Board (ESRB), the European Supervisory Authorities (ESA), the European Insurance and Occupational Pensions Authority (EIOPA), and the EU member State national supervisory authorities, which comprises the ESFS. This chapter talks about ESFS as the description applied to the collection of European bodies that span the whole of the financial services industry and financial markets in Europe. It also highlights the impact of ESFS that has been felt through the actions of its constituent parts.
Index »
Edited By: Michael Blair, George Walker, Stuart Willey
From: Financial Markets and Exchanges Law (2nd Edition)
Edited By: Michael Blair, George Walker, Stuart Willey
Index »
Edited By: Michael Blair, George Walker, Stuart Willey
From: Financial Markets and Exchanges Law (3rd Edition)
Edited By: Michael Blair, George Walker, Stuart Willey
List of Abbreviations »
Edited By: Michael Blair, George Walker, Stuart Willey
From: Financial Markets and Exchanges Law (2nd Edition)
Edited By: Michael Blair, George Walker, Stuart Willey
List of Abbreviations »
Edited By: Michael Blair, George Walker, Stuart Willey
From: Financial Markets and Exchanges Law (3rd Edition)
Edited By: Michael Blair, George Walker, Stuart Willey
List of Contributors »
Edited By: Michael Blair, George Walker, Stuart Willey
From: Financial Markets and Exchanges Law (2nd Edition)
Edited By: Michael Blair, George Walker, Stuart Willey
List of Contributors »
Edited By: Michael Blair, George Walker, Stuart Willey
From: Financial Markets and Exchanges Law (3rd Edition)
Edited By: Michael Blair, George Walker, Stuart Willey
Preface »
Edited By: Michael Blair, George Walker, Stuart Willey
From: Financial Markets and Exchanges Law (2nd Edition)
Edited By: Michael Blair, George Walker, Stuart Willey
Preface »
Edited By: Michael Blair, George Walker, Stuart Willey
From: Financial Markets and Exchanges Law (3rd Edition)
Edited By: Michael Blair, George Walker, Stuart Willey
Summary Contents »
Edited By: Michael Blair, George Walker, Stuart Willey
From: Financial Markets and Exchanges Law (2nd Edition)
Edited By: Michael Blair, George Walker, Stuart Willey
Summary Contents »
Edited By: Michael Blair, George Walker, Stuart Willey
From: Financial Markets and Exchanges Law (3rd Edition)
Edited By: Michael Blair, George Walker, Stuart Willey
Table of Cases »
Edited By: Michael Blair, George Walker, Stuart Willey
From: Financial Markets and Exchanges Law (2nd Edition)
Edited By: Michael Blair, George Walker, Stuart Willey
Table of Cases »
Edited By: Michael Blair, George Walker, Stuart Willey
From: Financial Markets and Exchanges Law (3rd Edition)
Edited By: Michael Blair, George Walker, Stuart Willey
Table of Charter »
Edited By: Michael Blair, George Walker, Stuart Willey
From: Financial Markets and Exchanges Law (3rd Edition)
Edited By: Michael Blair, George Walker, Stuart Willey
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