FCA confirmed the application of the fourth Capital Requirements Directive and Regulation package (CRD4 and CRR) from 1 January 2014 was in line with its expectations. It says it will consult in the summer on changes it needs to make to its rules to implement CRD4 and remove provisions which are in CRR. It will also consult on transitioning existing waivers under the CRD4 package. (Source: FCA Makes Statement on CRD4)