On Friday 18 March, ISLA submitted a response to the European Commission (EC)’s targeted consultation on improving the EU’s macroprudential framework for the banking sector.
The EC is seeking industry perspectives on the current macroprudential rules in place for credit institutions, in line with the EU Better Regulation principles and the forthcoming legislative review, mandated by Article 513 of the Capital Requirements Regulation. A link to the consultation can be found here.
ISLA focused on Question Fifteen, on whether the macroprudential toolkit is sufficiently adequate for monitoring and mitigating bank’ systemic risks related to global market-based finance, and to identify particular gaps relating to securities financing transactions (SFT)s.
ISLA’s response can be found here.
Visit ISLA’s Basel Framework page to learn more.