• Home
  • eAlerts
  • Banking and investment services: Significant modifications made to the Expanded Matrix Directive

Banking and investment services: Significant modifications made to the Expanded Matrix Directive

United Kingdom
27/10/1998
Download PDF

The Expanded Matrix Directive makes a number of amendments to Directive 77/780/EEC on the co-ordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of credit institutions. The changes allow Member States to conclude agreements for the exchange of information with non-banking supervisory authorities in third countries. The Directive also amends Directive 89/647/EC on a solvency ratio for credit institutions. This includes changes to the risk weighting for certain asset items, and changes to refine and harmonise supervisory treatment of credit risks associated with over-the-counter derivatives instruments. The Expanded Matrix Directive also amends Directive 93/6/EEC on the capital adequacy of investment funds and credit institutions, so that capital requirements for over-the- counter derivatives will be adjusted to bring EU rules in line with international rules, including the recognition of the risk-reducing effect of contractual netting agreements on future credit risks.

Search Filters

Advanced Search

Related content