The Capital Requirements (Capital Buffers and Macro-prudential Measures) (Amendment) Regulations 2015 (the Regulations) have been published on the legislation.gov.uk website.

The Regulations implement Articles 133 and 134 of the Capital Requirements Directive IV and introduce a capital buffer for banks, building societies and investment firms. The capital buffer is referred to as the “systemic risk buffer” and is intended to make such firms more resilient to certain long-term systemic risks.

The Regulations come into force on 31 May 2016, with the systemic risk buffer being applicable from 1 January 2019.

View The Capital Requirements (Capital Buffers and Macro-prudential Measures) (Amendment) Regulations 2015, 13 January 2015