FSA publishes second consultation paper on Capital Requirements Directive
The Financial Services Authority (FSA) has released its proposals for implementing the EU Capital Requirements Directive (CRD). 'Strengthening Capital Standards 2' is the FSA's major consultation on this subject and includes the full set of draft Handbook rules and guidance.
CP06/3, the consultation paper published today, follows agreement of the CRD by the EU Council of Ministers on October 11, 2005. It concentrates on the main policy areas not discussed in the FSA's initial consultation, in January 2005, together with policy issues that have arisen in the intervening period. These include the outcome of the Trading Book Review.
Following its previous consultation, the FSA has reviewed areas where its proposals would have gone beyond the CRD text. A
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