Database on German and European Economic Law

 Directive 2006/48/EC

I. Description

A single financial market in the EU will be a key factor in promoting the competitiveness of the European economy and the lowering the capital cost to companies. The Financial Services Action Plan announces a directive on new capital adequacy rules for credit institutions and investment firms in 2004, in step with progress at G-10 level in the Basel Committee on Banking Supervision.
The agreement by the G-10 Basel Committee on Banking Supervision of the so-called Basel Accord in 1988 (Basel I) led to the adoption of minimum capital requirements across over 100 countries. It was broadly contemporaneous to the adoption of key EU directives (Directive 89/299/EEC of 17.4.1989 on own funds, Directive 89/647/EEC of 18.12.1989 on a solvency ratio, consolidated in Directive 2000/12/EC of the European Parliament and of the Council of 20.3.2000 relating to the taking up and pursuit of the business of credit institutions). These directives addressed credit institutions’ risks arising from credit-granting activities. Directive 93/6/EEC of 15.3.1993 on the capital adequacy of investment firms and credit institutions extended both the credit risk and market risk rules to investment firms.

II. General Information

Title

Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast)

Abbreviations
CRD I
Status
Repealed
Directive
2006/48/EC
Source
O.J. EC No L (Legislation), Edition 177, Year 2006, p.1
Adoption
06/14/2006
Promulgation
06/30/2006
Character
Regular Act
Legal Basis
Art. 47 Abs. 2 EC
Legislative Procedure
Codecision procedure
Background

III. Versions and Legislative History

1. Versions

Titel
Allg. Daten
Textfassung

  2009/83/EC

Beschluss:
07/27/2009 (A)
Verkuendung:
07/28/2009 (P)

  2007/64/EC

Beschluss:
11/13/2007 (A)
Verkuendung:
12/05/2007 (P)

Original Text CRD I:
Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast)

  2006/48/EC

Beschluss:
06/14/2006 (A)
Verkuendung:
06/30/2006 (P)
(A) Adoption | (P) Promulgation

2. Legislative History

Datum
Typ / Titel
Textfassungen
03/09/2005
Opinion of the European Economic and Social Committee
ABL. No. C 2005, p. 8
02/17/2005
Opinion of the European Central Bank
ABL. EC No. C 2005, p. 37
07/14/2004
Proposal
COM (2004)486 final
07/14/2004
Proposal
COM (2004)486 final

3. Legal Impact

Auswirkungstyp
Richtlinie
Textfassungen
Repeal
  Directive 2000/12/EC
Amendment
  Directive 93/6/EEC

IV. Umsetzung in den Mitgliedstaaten

1. Implementation in Germany

Legend

Legislative Act Status

Documents

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Overview

I. Description
II. General Information
III. Versions and Legislative History
1. Versions
2. Legislative History
3. Legal Impact
IV. Umsetzung in den Mitgliedstaaten
1. Implementation in Germany