New QIS for Europe to explore economic impact of CRD IV

Patricia Jackson, Ernst & Young

The European Union is to undertake a new quantitative impact study (QIS) to help it get to grips with the overall picture created by the implementation of the fourth Capital Requirements Directive (CRD IV).

The new QIS, has been rumoured in the market-place for some weeks, was confirmed in a European Banking Commission newsletter.

In a newsletter sent to financial firms in December, the European Commission's Internal Markets Directorate wrote: "The final proposal will be accompanied by a robust

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