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European Commission publishes proposals to complete reform of financial regulatory system

The Commission has put forward a package of proposals including amendments to the Capital Requirements Regulation (CRR) and Directive (CRD), the Bank Recovery and Resolution Directive (BRRD) and the Single Resolution Mechanism Regulation (SRMR).

These amendments aim to complete the reform of the financial regulatory system started following the financial crisis.

The goals of the proposals are:

The measures include making CRR/ CRD rules more proportionate and less burdensome for small financial institutions and facilitating the capacity of banks to lend to SMEs and to fund infrastructure projects.

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