2nd February 2016

BBA response to the EC’s call for evidence initiative: EU regulatory framework for financial services

The BBA identified some time ago that the Capital Markets Union (CMU) project could encompass a proposal to conduct a targeted re-assessment of financial sector legislation. As such, we welcome the Commission’s initiative to identify and rectify any unintended consequences and potential loopholes that may have arisen through the implementation of these legislative instruments. We agree that it is essential to identify any unintended impacts that may have arisen as a result of the ambitious and unprecedented series of reforms that were implemented to secure financial stability and improve the supervision of financial markets.