ECON has published the opinion of the European Economic and Social Committee on the proposal for the Directive and Regulation that will comprise what is known as the fourth Capital Requirements Directive (CRD IV). It believes the proposals address, in theory, all the issues raised in the light of CRD III. However, it says implementation and the players involved will be critical, as will the introduction of recovery and resolution procedures. It supports the proposals, but makes several specific comments and cautions that some Member States may not be able to move at the same speed as others. (Source: EESC Opinion on CRD IV)