This practice note provides an overview of CRD II (2009/111/EC) (also referred to as CRD 2 or CRD2), a directive forming part of a sequence of major amendments of the Capital Requirements Directive (2006/48/EC and 2006/49/EC) (CRD) initiated by the European Commission.

CRD II made significant amendments to the CRD in areas including large exposures, hybrid capital instruments, liquidity risk management, securitisations, and cross-border supervisory arrangements.

For information about the UK implementation of CRD II, see Practice note, UK implementation of CRD II.