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Part II Prudential Regulation, 5 CRD Prudential Requirements on a Group Basis

From: The Law of Financial Services Groups

Charles H R Morris

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2021. All Rights Reserved.date: 20 September 2021

Subject(s):
Credit — Investment business — Prudential regulation — Basel accords — Regulators

This chapter assesses the Capital Requirements Directive (CRD) regime. The CRD regime is the principal UK and EU-wide regime for the prudential supervision of credit institutions and, for the time being, investment firms. It implements the general principles of the Basel Framework, and its primary framework legislation comprises the Capital Requirements Regulation and the Capital Requirements Directive. The chapter then looks at how to identify the existence and scope of a CRD consolidation group and how CRD prudential requirements are applied to groups in practice. It also discusses how capital resources at various locations within a group may be recognized as eligible group capital, and examines the relevant waivers and variations that may be available to a group to help it manage its capital and liquidity resources.

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