ECB says EC must look at regulation of non-bank finance

Central bank calls for “careful balance” on securitisation proposals

ecb-hq-3
ECB: “strong” case for “an enhanced toolkit and integrated supervision at the European level”
Annabel Jeffery

The European Central Bank (ECB) has criticised the European Commission for failing to include detailed proposals for regulating the non-bank financial sector as part of its efforts to deepen European financial markets via the so-called capital markets union (CMU).

It was important that macroprudential authorities should have the powers to address possible systemic risks in the growing non-bank financial sector, the ECB said in its latest document on CMU, issued yesterday (May 2). But the mid

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