CRD VI and Cross-Border Lending: What Third-Country Credit Institutions Need to Know
The adoption of the Sixth Capital Requirements Directive (“CRD VI” or the “Directive”) in July 2024 marks another significant step in the European Union (“EU”)’s efforts to strengthen the prudential framework governing banking activities, in particular with respect to cross-border lending. Prior to CRD VI, no EU-wide framework governed the conditions under which non-EU credit […]