The Credit Institutions Directive (CID) 2013/36/EU is an EU law that aims to ensure banks are run prudently, and do not go insolvent.

The CID was introduced as part of a package rules, following the financial crisis of 2007–2008, with the Capital Requirements Regulation 2013, intended to increase the resilience of the EU banking industry.

art 14, authority depends on disclosing identities of shareholders or members with qualifying holdings, or of the largest 20 holders.

art 18, exhaustive reasons for withdrawal of authorisation – esp (c) it no longer fulfils conditions under which it was granted authority.

ch 2, The right of establishment of credit institutions Title IV concerns minimum initial capital.

Under Article 88(1) there must be a segregation of management and supervision duties to prevent conflicts of interest, and (2) non-executive directors must be on the nomination committee for new appointees.

Article 91 says management body members must have skills to do duties, ‘reflect an adequately broad range of experiences’ (2) spend enough time to do work (3) no more than one exec directorship and two non-exec directorships or four non-exec directorships (4) definitions (5) not counting non-commercial jobs (6) competent authorities can authorise an additional one (7) management must understand main risks (8) independence (9) training (10) the nomination-committee should ‘put in place a policy promoting diversity on the management board’ (11) with reference to article 435(2) of the Capital Requirements Regulation 575/2013 to benchmark diversity, and finally (12) the European Banking Authority will establish guidelines on time, knowledge, integrity, diversity, etc.