Business Issues -> Costs
Published: March 2013
The research shows that financial organisations across the EU were not in a position to be CRD IV compliant as of the January 1st 2013 deadline. Lack of awareness of what CRD IV means at both a business and a technology level indicates that the EU and the national financial regulators have done a bad job of educating the market. Combining this with a lack of political solidity in carrying through the financial mechanisms behind CRD IV, and the financial markets feeling that putting in place technology in preparation for a movable feast of regulation is not in their own interests as yet, it is likely that the transition period will need to be viewed leniently for some time before general compliance can be demonstrated across the EU financial markets.
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