EU adopts CRR quick fix in record time

European_Parliament_PA_575x375_190620
By Tyler Davies
19 Jun 2020

The European Parliament has voted overwhelmingly in favour of a series of temporary amendments to the Capital Requirements Regulation. The changes will offer banks capital relief during the coronavirus pandemic, including via a prudential filter for government bond exposures.

Members of the Parliament adopted the new CRR text by 502 votes to 169 in a plenary session on Thursday evening — with 17 abstentions.

The European Commission put forward the original ideas for amending the CRR in April, describing its proposal as a ‘quick fix’ ...

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