Feedback Statement - March 2025
The European Commission published in March 2025 a Summary Report of the responses to their consultation (see below) on the adequacy of macroprudential policies for Non-Bank Financial Intermediation (NBFI). The European Commission will be using this feedback to inform the policy planning of the 2024-2029 College of Commissioners.
Consultation - 2024
In 2024, the European Commission consulted on the adequacy of the EU's macroprudential framework for NBFI. They wanted to identify the vulnerabilities and risks of NBFIs and map the existing macroprudential framework for NBFIs. The consultation paper identified what the European Commission believed to be the key vulnerabilities stemming from NBFIs:
- unmitigated liquidity mismatches
- the build-up of excessive leverage
- interconnectedness among NBFI sectors and between NBFI and banks
Also, the European Commission were gathering feedback on current challenges to macroprudential supervision and areas for further improvement. They believed that a lack of consistency and coordination among macroprudential frameworks across the EU could exacerbate the negative impact of such vulnerabilities, leading to unaddressed systemic risks.
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