What is CRD IV reporting?

CRD IV introduces standardised EU regulatory reporting of firm’s minimum capital requirements referred to as COREP and FINREP. These reporting requirements specify the information firms must report to National Supervisory Authorities (NSAs) in areas such as own funds, large exposures and financial information.

What does CRD IV stand for?

CAPITAL REQUIREMENTS DIRECTIVE
CAPITAL REQUIREMENTS DIRECTIVE (CRD) IV Overview. The European Parliament approved the Capital Requirements Directive (CRD) IV package on 16 April 2013, and it became law after adoption by the European Council and publication in the Official Journal of the European Union on 27 June 2013.

Which firms does CRD IV apply to?

Firms affected by the UK CRR/CRD IV

• brokerage firms.
• sole traders.
• broker dealers.
• commodities traders.
• spread betters.
• asset managers.

What is COREP and FINREP reporting?

While COREP is a capital reporting regime, FINREP is its financial counterpart. It is a framework given by EBA for reporting financial (accounting) information to the regulator which will be applicable to all Credit Institutions in the European Union.

How is CRD IV implemented in the UK?

The Capital Requirements Directive (CRD IV) was implemented into UK law primarily through our, and the Prudential Regulation Authority (PRA), rulebooks.

Is the FCA subject to the CRR in the UK?

FCA firms that benefit from this discretion should continue to submit their existing regulatory returns as opposed to submitting the UK CRR financial reporting requirements (COREP and FINREP). All other firms subject to the UK CRR/CRD IV are subject to the sourcebook, IFPRU.

What should I expect from a CRD IV firm?

Other firms outside of CRD IV may also find this Policy Statement useful to understand what we expect from firms’ remuneration policies and practices. This Policy Statement will primarily be of interest to firms. However, consumers may be interested in understanding how firms remunerate their staff and align risk with reward.

When did the EBA guidelines come out for CRD IV?

The EBA guidelines, published in December 2015, set out the requirements on remuneration policies that apply to firms subject to the Capital Requirements Directive (CRD IV). As a result, we have made some changes to our Handbook to remove inconsistencies between existing Handbook provisions and the EBA guidelines.

https://www.youtube.com/watch?v=NLmnWiy2piA