The Council of the European Union has published a corrigendum to Regulation (EU) 2019/876 (CRR II), correcting linguistic errors in the Irish (GA) language version of the text. The corrections address technical details concerning exposures to officially supported export credits and the credit quality steps for certain exposures, ensuring legal clarity and consistency in the Irish language version of the regulation.
Document Details The corrigendum, dated 2 October 2026, is a legislative act issued by the Council. It is a mandatory correction to an existing regulation, focusing solely on linguistic accuracy without altering the substantive content of the original legislation.
Policy Orientations and Trade-offs The corrigendum is purely technical and does not introduce new policy orientations or trade-offs. It aims to rectify translation errors to maintain legal certainty in the Irish language version, which is an official language of the EU. This reflects the EU's commitment to multilingualism and legal precision.
Impact on Stakeholders - EU regulatory bodies: The corrigendum ensures that the Irish language version of CRR II is legally consistent, reducing potential ambiguities for regulators. - Irish credit institutions: Banks and financial institutions in Ireland will benefit from clearer legal text in their native language, aiding compliance with prudential requirements. - EU consumers: No direct impact, as the corrections do not change the underlying regulatory framework. - EU taxpayers: No direct impact, as the corrigendum does not involve new spending or fiscal measures.
Expected Institutional Follow-up No further institutional action is required, as the corrigendum is a final correction to an existing regulation. The corrected text will be published in the Official Journal of the European Union.
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