The Council has adopted:  

  • a Regulation on Credit Rating Agencies;  
  • a Directive updating the CRD to strengthen supervision of crossborder banking groups, improve the framework for securitisation practices, harmonise tier 1 definitions, introduce rules on liquidity risk management and tighten the supervision of single counterparty exposure;  
  • a Regulation on cross-border payments, replacing the 2001 Regulation; and  
  • a Directive on e-money, updating the existing e-money Directive and aligning it with the PSD.