Banking: Key EU directives

10 July 2009
by inadim -- last modified 13 July 2009

Key banking legislation in force in the European Union

The key Directive in the banking sector is the Capital Requirements Directive, which is comprised of two directives:

• Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast); and
• Directive 2006/49/EC of the European Parliament and of the Council of 14 June 2006 on the capital adequacy of investment firms and credit institutions (recast)

Other relevant directives are:

• Directive 2000/46/EC of the European Parliament and of the Council of 18.9.2000 on the taking up, pursuit of and prudential supervision of the business of electronic money institutions
  
• Directive 2002/87/EC of the European Parliament and of the Council of 16.12.2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate

 

Source: European Commission