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CRR II – Regulatory challenges for the next three years

CRR II requirements

We provide an overview of the upcoming CRR II requirements. 

After more than two years of intensive discussions and deliberations, the EU’s “Banking Package” was finalised on 14 February 2019 and passed the EU parliament on 16 April 2019. The final drafts entered into force on 27 June 2019. The general date of application for CRR II is 28 June 2021. 

The implementation of the Banking Package, consisting of significant amendments to the Capital Requirements Regulation (“CRR II”), the Capital Requirements Directive (“CRD V”), the Bank Recovery and Resolution Directive (BRRD II) and the Single Resolution Mechanism (“SRMR II”), is expected to be a major and challenging task. With such enormous changes, banks may banks may find themselves needing help quickly. 

We believe the Banking Package will impact the banking industry on a larger and more intense scale than CRR/CRD IV (i.e. the predecessor of the Banking Package). 

This brochure presents the results of these discussions, providing an overview of the new CRR II requirements, as well as providing some thoughts on how they will impact the banking industry and what can be done today to get prepared.

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Martin Neisen

Partner, Global Basel IV Leader, PwC Germany

Tel: +496 9958 53328

Abdellah M’Barki

Partner, Global Basel IV Deputy Leader, PwC Netherlands

Tel: +31 612134687

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George Stylianides

Global Risk Consulting Leader, PwC United Kingdom

Tel: +44 (20) 7804 3364

Bill Lewis

Global Financial Services Regulatory Leader

Tel: +1 (703) 918 1433

Peter Gassmann

Global Strategy& Leader and PwC’s Global ESG Leader, PwC Germany