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Prudential requirements and supervision of investment firms [EU Legislation in Progress]

Written by David Eatock (1st edition),

Finance and business concept. Investment graph and rows growth and of coins on table

© ipopba / Fotolia

Investment firms play an important role in capital markets, facilitating savings and investment flows across the EU. However, the current EU rules are seen as fragmented, overly complex, inconsistently applied and often a poor fit for the actual risks taken by the various types of investment firms. The Commission has proposed a new regulation on the prudential requirements of investment firms and a new directive on the prudential supervision of investment firms. These proposals update the framework for investment firms, making it more effective and more closely calibrated to the size and nature of the various investment firms and their risks. Parliament’s Committee on Economic and Monetary Affairs (ECON) agreed its report and negotiating mandate on 24 September 2018. Work in Council is ongoing.

Versions

Proposal for a regulation of the European Parliament and of the Council on the prudential requirements of investment firms and amending Regulations (EU) No 575/2013, (EU) No 600/2014 and (EU) No 1093/2010;
Proposal for a directive of the European Parliament and of the Council on the prudential supervision of investment firms and amending Directives 2013/36/EU and 2014/65/EU
Committee responsible: Economic and Monetary Affairs (ECON) COM(2017) 790
COM(2017) 791
20.12.2017
Rapporteur: Markus Ferber (EPP, Germany) 2017/0359 (COD)
2017/0358 (COD)
Shadow rapporteurs:

 

 

Mady Delvaux (S&D, Luxembourg)
Bernd Lucke (ECR, Germany)
Nils Torvalds (ALDE, Finland)
Miguel Viegas (GUE/NGL, Portugal)
Sven Giegold (Greens/EFA, Germany)
Barbara Kappel (ENF, Austria)
Ordinary legislative procedure (COD) (Parliament and Council on equal footing – formerly ‘co-decision’)
Next steps expected: Launch of trilogue negotiations

Stage: Trilogue

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