EBF Response to EC’s Targeted Consultation assessing the adequacy of macroprudential policies for NBFI
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Publication date: 21 November 2024
General Comments:
The European Banking Federation emphasizes the importance of tailoring regulatory approaches to the heterogeneous nature of Non-Bank Financial Intermediaries (NBFIs). Any new measures must avoid overly prescriptive, “one size fits all” frameworks that risk undermining market functionality and innovation. To enhance the oversight of NBFIs, the EBF advocates for improved data sharing and cooperation among regulatory authorities. Addressing systemic risks requires focusing on unregulated entities rather than imposing additional burdens on banks, which could inadvertently increase vulnerabilities by pushing activities toward less regulated sectors.
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