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
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
CRD
Capital Requirements Directive
CRR
Capital Requirements Regulation
CRR/CRD IV
See
Capital Requirements Regulation / Capital Requirements Directive (CRR/CRD IV)