Capital Adequacy Directive
From ACT Wiki
Revision as of 12:31, 22 January 2014 by Doug Williamson (Wiki/Gloss Law/Fin Reg check - changed to past tense and added superseded by Capital Requirements Directive)
European Union law.
European directive issued in 1995 and subsequently revised as CAD2, aimed to establish uniform capital requirements for both banking firms and non-bank securities firms.
Superseded by the Capital Requirements Directive.