Banking supervision glossary

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C

Capital Requirements Regulation / Capital Requirements Directive (CRR/CRD IV)
Capital Requirements Regulation and Directive: Regulation (EU) No 575/2013 on prudential requirements for credit institutions and investment firms (CRR) and Directive 2013/36/EU on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms (CRD IV). The CRR/CRD IV package transposes the global standards on bank capital (the Basel III agreement) into EU law.
CCyB
See
countercyclical capital buffer (CCyB)
CET1
Common Equity Tier 1
CGO
Compliance and Governance Office
CJEU
See
Court of Justice of the European Union (CJEU)
COI
Centralised On-Site Inspections Division
common procedures
Procedures which apply to both SIs and LSIs. The common procedures enable the ECB to apply the single European rulebook in a consistent way. Common procedures include: granting a banking licence to a new company or extending an initial licence; authorising an acquisition of a participation in an existing institution; withdrawing a banking licence. See also
less significant institution (LSI)
significant institution (SI)
comprehensive assessment
Financial health checks which the ECB is required to carry out prior to assuming direct supervision over a credit institution. Comprehensive assessments help to ensure that the banks are adequately capitalised and can withstand possible financial shocks. The assessment comprises an asset quality review and a stress test.
COREP
Common Reporting
Court of Justice
See
Court of Justice of the European Union (CJEU)
Court of Justice of the European Union (CJEU)
The EU institution that rules on the interpretation and application of EU law and reviews the legality of acts of the EU institutions. It consists of the Court of Justice and the General Court.
CRD
Capital Requirements Directive
CRR
Capital Requirements Regulation
CRR/CRD IV
See
Capital Requirements Regulation / Capital Requirements Directive (CRR/CRD IV)