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08 March 2013

Commission publishes summary of replies to consultation on non-bank financial institutions

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The Commission published the summary of responses as well as individual replies to the consultation on a possible framework for the recovery and resolution of financial institutions other than banks.

The consultation looked broadly at ascertaining how and when the failure of a financial institution other than a bank can cause systemic problems and threaten financial stability. The main institutions considered in this respect were financial market infrastructures, such as central counterparties and central securities depositories, and systemic insurance companies. It also considered what arrangements could be needed to prevent their failure from compromising financial stability.


© European Commission

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