The Capital Requirements Directive IV (CRD IV) will not come into effect as of 1 January 2013. Although huge efforts are made to reach political agreement in 2012, the European Parliament will also still have to vote on the outcome. This is expected to take place at the beginning of 2013.
DNB now assumes that CRD IV will be published no earlier than mid-2013. This would meant that the Directive (CRD) and the Regulation (CRR) will become effective on 1 January 2014. However, this cannot be stated in all certainty, as negotiations are still in full swing.
Despite the uncertainty, DNB expects institutions to continue their efforts to meet Basel 3/CRD IV timely and fully.
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