CRD IV factsheet - notes on implementation of options and discretions under CRD IV and CRR
In this factsheet, De Nederlandsche Bank (DNB) provides an overview of the application of the options and discretions offered in the renewed Capital Requirements Directive (CRD IV) and the Capital Requirements Regulation (CRR).
The CRD has always contained a number of options and discretions, and these have largely been harmonised in CRD IV. As only CRD IV is being implemented in national legislation – the CRR will operate by direct action – there is no overall summary of options and discretions which may or may not be applied in the Netherlands. This factsheet explains how the options and discretions contained in CRD IV and the CRR have been implemented in Dutch national legislation.