Editing Capital Adequacy Directive (section)

==History==
The original 93/6/EEC (CAD1) directive was amended by 98/31/EEC (CAD2), to incorporate banks' own estimate of capital using [[value at risk|value-at-risk]] techniques.  Annex 1 models were virtually unchanged by CAD2, so there has been no change in the CAD1 regime.

A third revision of the directive 2006/49/EC was issued on 14 June 2006 and would use the new name of [[Capital Requirements Directive]] (CRD).  This came into force together with recast of a related banking directive on 20 July 2006.  The main change was the adoption of [[Basel II]] guidelines into the directive.<ref>{{cite web |url=http://ec.europa.eu/internal_market/bank/regcapital/legislation_in_force_en.htm|archive-url=https://web.archive.org/web/20130627202127/http://ec.europa.eu/internal_market/bank/regcapital/legislation_in_force_en.htm|archive-date=27 June 2013 |title=Capital Requirements Directive: legislation in force |publisher=European Commission |accessdate=3 June 2013}}</ref>

In 2009, 2010, and 2013, three further revisions were issued known as CRD II, CRD III, and CRD IV. The legislation on this matter current {{As of|2016|lc=y}} is known as the CRD IV package ([[Capital Requirements Regulation and Directive]]).