- In the public consultation phase that begins today, society's opinion on a set of transposition options will be sought
- In addition, the transposition of the Directive on the prudential supervision of Investment Services Companies is brought to consultation
The Ministry of Economic Affairs and Digital Transformation has brought to public consultation the transposition of the Fifth Capital Requirements Directive (CRD V) and the Second Restructuring and Resolution Directive of Credit Entities and Investment Services Companies (BRDDII), including in the so-called “Banking Package”. In addition, the transposition of the Directive on prudential supervision of Investment Services Companies (ESI) begins.
In this first phase, the opinion of the company, directly or through the organizations representing the sectors involved, will be sought on the set of national transposition options provided for in each Directive.
The rules of the “Banking Package”, approved by the European Union in May 2019, incorporate into the community regulations the agreements reached at international level on capital requirements in the Basel Committee (Basel III) and on the capacity to absorb losses in the G20 Financial Stability Board.
Financial institutions solvency consultation (CRD V)
The CDR V Directive incorporates the solvency and capital requirements established in the latest reforms of the so-called Basel III Agreement. For its transposition into the Spanish legal system in the public consultation phase, the company's opinion on a set of national transposition options will be sought.
These options refer to the rules of remuneration of the management personnel of the entities and their proportional application depending on the size of the entity.
Consultation on resolution of financial institutions (BRRDII)
This Directive incorporates the reforms agreed at the international level by the G-20 Financial Stability Board into Community regulations.
The options raised on those consulted in this first phase refer to the determination of the amount to which citizens and businesses should have access in case of suspension of deposit payment obligations and the possibility of extending the protection of retail clients in the commercialization of eligible financial instruments for the recapitalization of the entities after the resolution.
Consultation on Investment Services Companies
The Ministry of Economic Affairs and Digital Transformation also initiates the transposition of the Directive on the prudential supervision of Investment Services Companies (ESI).
The main national options contained in the Directive and subject to public consultation are those referring to the requirements of the remuneration policy for the management of these companies
