Find
Jun 08, 2015

Eurex Clearing

European Commission: transitional period for capital requirements for banks' exposures to CCPs extended

The European Commission has adopted an implementing act that will extend the transitional period for capital requirements for EU banking groups’ exposures to central counterparties (CCPs) under the Capital Requirements Regulation (CRR). The CRR introduced a capital requirement for the exposures of EU banks and their subsidiaries to a CCP.

"The decision will give the market the legal certainty it needs for the next six months," said Jonathan Hill, EU Commissioner responsible for Financial Stability, Financial Services and Capital Markets Union. "Meanwhile we are continuing to work hard on solving the underlying issues."

The current transitional period expires on 15 June 2015.