CRD IV : Commission adopts package of technical rules

The European Commission adopted nine technical standards to implement the CRD IV-CRR reform of capital requirements rules for banks (a regulation and a directive), on 13 March. These delegated acts, applicable to financial institutions and national regulators, will be deemed adopted unless the European Parliament and the Council exercise their right of objection within one month (this period can be extended by two months). One of the standards identifies the categories of instruments that banks can use to pay variable…