Policy Statement: Strengthening Capital Standards 3 - feedback and final rules for CRD3
November 3, 2011
On 3 November 2011, the FSA published a policy statement entitled Strengthening Capital Standards 3 - feedback and final rules for CRD3 (PS11/12).
CRD III (2010/76/EU) amends the Capital Requirements Directive (2006/48/EC and 2006/49/EC). PS11/12 articulates the amendments to the FSA Handbook implementing provisions in CRD III that must be implemented by 31 December 2011, which relate to:
- trading book requirements;
- requirements relating to securitisation in the non-trading book;
- Pillar 3 disclosure requirements; and
- prudent valuations and certain technical amendments.