On Friday 29 October, the European Banking Authority (EBA) published its opinion on a new prudential framework specifically adapted to the needs of investment companies, in which it proposes a new classification system for prudential requirements.
As announced in its mid-term review of the action plan on the Capital Markets Union (see EUROPE 11804), the Commission is to present a legislative proposal, in early December, to re-examine the prudential treatment for investment companies -...