On 7 June 2019, there was published in the Official Journal of the EU (OJ):
- Regulation (EU) 2019/876 of the European Parliament and of the Council of 20 May 2019 amending the Capital Requirements Regulation as regards the leverage ratio, the net stable funding ratio, requirements for own funds and eligible liabilities, counterparty credit risk, market risk, exposures to central counterparties, exposures to collective investment undertakings, large exposures, reporting and disclosure requirements (CRR II); and
- Directive (EU) 2019/878 of the European Parliament and of the Council of 20 May 2019 amending the Capital Requirements Directive IV as regards exempted entities, financial holding companies, mixed financial holding companies, remuneration, supervisory measures and powers and capital conservation measures (CRD V).
The publication of CRR II and CRD V in the OJ follows the adoption of the reforms by the Council on 14 May 2019. CRR II and CRD V will enter into force on 27 June 2019, that is twenty days following their publication in the OJ. As regards CRR II, the majority of provisions will apply from 28 June 2021. Certain provisions listed at Article 3(3)-(8) have staggered timings which should be reviewed.