The impact of bank capital regulation on financing the economy: Comments on the public consultation of the European Commission on the possible impact of the CRR and CRD IV

Markus Demary and Heide Haas

No 27/2015, IW policy papers from Institut der deutschen Wirtschaft (IW) / German Economic Institute

Abstract: The Global Financial Crisis as well as the Eurozone Banking and Sovereign Debt Crisis revealed deficiencies in bank capital regulation which made banks vulnerable to stress in interbank markets as well as to stress in sovereign debt markets. Deterio-rating banks' balance sheet quality weakened the loan supply. Especially loans to small and medium-sized enterprises within the EU became restrictive. Among reform-ing bank supervision, the European Commission strengthened bank regulation by applying the Basel III recommendations to European law in form of the Capital Re-quirements Regulation (CRR) and the Capital Requirements Directive IV (CRD IV). A public consultation on the effects of CRD IV and CRR is taking place until October 7th of this year. [...]

JEL-codes: G18 G2 G21 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-cba
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:iwkpps:272015

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