Capital Requirements Directive

The Capital Requirements Directive covers prudential rules for banks, building societies and investment firms.

This page explains our implementation of these rules and also provides updates on our prudential policies for banks, building societies and designated investment firms.

Background

In May 2019, the European Union (EU) published legislation to implement, within the EU, some of the remaining Basel III prudential reforms agreed by the Basel Committee on Banking Supervision (BCBS). This legislation, known as CRD V (Directive (EU) 2019/878) and Capital Requirements Regulation (CRR) II (Regulation (EU) 2019/876), amended CRD IV (Directive (EU) 2013/36) and CRR (Regulation (EU) 575/2013) respectively.

We implemented elements of CRD V and the final policy was published in PS29/20 ‘Capital Requirements Directive V (CRD V)'.

Prudential and Resolution Policy Index related links

Latest CRD updates

11 January 2024: We published a letter from Rebecca Jackson on the PRA’s 2024 priorities for international banks, and a letter from David Bailey and Laura Wallis on the PRA’s 2024 priorities for UK deposit takers.

CRD news and publications

Please see The National Archives for historical CRD information.

This page was last updated 11 January 2024