CP13/6 - CRD IV for Investment Firms - Financial Conduct Authority

CP13/6
CRD IV for Investment Firms
Summary of our proposals
1.27 Table 2 sets out the key issues you can find in each chapter of this CP:
Table 2
Chapter
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6
Chapter 7
Annexes
Key content
• Overall outcome of CRD IV for investment sector firms and how key
provisions in the CRR and the Directive apply to each type of firms.
• Key implications of the framework for Common Reporting (COREP) and
Financial Reporting (FINREP).
Our proposals and key messages on:
• Pillar 2;
• capital buffers;
• recovery and resolution plans;
• stress testing;
• key policy changes in the area of remuneration; and
• country-by-country disclosure of corporate information.
Our proposals and key messages on:
• Liquidity reporting;
• Transitional provisions on capital;
• Partnership capital;
• Large exposures;
• Leverage;
• Recognised exchanges;
• Discretions in relation to COREP and FINREP;
• Simplified credit risk calculation; and
• Exposures secured by mortgages on commercial real estate property.
• Our proposal for a single, consistent definition of ’significant institution’ for
use in a number of different provisions scattered across CRD IV.
• Our proposal on prudential requirements for certain firms that only execute
orders and/or manage portfolios, without holding client money or assets;
and
• Changes for certain ‘exempt-CAD firms’ that might now come back within
the definition of investment firm.
• Our proposals in relation to ‘grandfathering’ existing Handbook waivers over
to the CRR regime.
• 1: on Cost benefit analysis; and 4: List of national discretions indicating the
FCA’s approach.
12 July 2013
Financial Conduct Authority