The European Commission sent a Call for Advice (CfA) to the Joint Committee (JC) of the European Supervisory Authorities on October 18, 2021. In it, the Commission sought the assistance of the JC to assess the recent performance of the rules on capital requirements (for banks and (re)insurance undertakings) and liquidity requirements (for banks) relative to the framework’s original objective of contributing to the sound revival of the EU securitisation market on a prudent basis.
EIOPA has prepared a consultation paper in response to the CfA and would welcome comments on the policy options proposed.
EIOPA will consider the feedback received from stakeholders before submitting the final proposal for adoption.