Capital Adequacy Directive (CAD) - Financial definition
Country
: European Union
Concise definition of the term Capital Adequacy Directive
The Capital Adequacy Directive was a European directive the purpose of which was to harmonize capital requirements for banking firms and non-bank securities firms.
Comprehensive definition of the term Capital Adequacy Directive
First issued in 1993 it was finally superseded by the Capital Requirements Directive which was implemented in 2013.