on 17 july 2013, the crd iv package was transposed —via a regulation (regulation (eu) no 575/2013 on prudential requirements for credit institutions and investment firms (crr)) and a directive (directive 2013/36/eu on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms)— the new global standards on bank capital (the basel iii agreement) into eu law, entered into force. this is the current legislation on banking prudential requirements.