The end of June 2013 saw the publication of Directive 2013/36/EU (the CRD IV) and Regulation (EU) No 575/2013 (the CRR), which transpose the new Basel III capital standard into EU banking legislation and simultaneously entail a significant step towards the harmonisation of prudential rules across the EU and the implementation of a Single Rulebook in the area of banking.

More information on the purpose and content of the aforementioned legal acts, and the proposed amendments thereto, can be found on the European Commission website under Prudential requirements.