CP74 (published last September 2013) outlined the Central Bank's proposed approach and perspectives in relation to provisions contained within the Capital Requirements Directive IV (CRD IV) and Capital Requirements Regulation (CRR), where the competent authority can or must exercise its discretion.

The Central Bank has noted the issues raised in the submissions received, has clarified the key questions raised, has provided further guidance on its proposed approach, where necessary; and has revised its current “Implementation of the CRD” Regulatory Document.