Securitisation and Regulation News

EBA Offers Opinion on European Commission's Green Paper on Shadow Banking

The European Banking Authority (EBA) issued its opinion on the European Commission's Green Paper on Shadow Banking that calls for a "higher level of consistency" that includes an international level playing field and a "wide regulatory perimeter" to contain "shadow risks." The opinion also weighs in on the following: the legal definition of banking; the examination of consolidation issues from a prudential and accounting standpoint; the identification of interconnectivity for large exposure regimes; and the EBA's willingness to assist in regulating shadow banking entities.

EBA opinion