The European Banking Federation has welcomed the adoption by the European Parliament of the compromises previously agreed with the Council over the final shape of Capital Requirements Regulation and Directive (CRR/CRD IV). In this Release, the EBF states that which they appreciate the certainty that the new capital and liquidity requirements bring to the European banks, they are disappointed that a new Single Rulebook has been introduced as the agreed regulation provides for a lot of flexibility for Member States to vary parts of the requirement on the grounds of macro-prudential oversight.