- AMIC responds to European Commission consultation on the review of the EU macro-prudential policy framework
AMIC responds to European Commission consultation on the review of the EU macro-prudential policy frameworkOn 24 October 2016, ICMA's AMIC has submitted its response to the European Commission's consultation paper on whether the existing EU macro-prudential framework is functioning optimally. AMIC raised concern about expanding the mandate and powers of the European Systemic Risk Board (ESRB) to non-banking under the current governance framework of the ESRB. AMIC recommends much greater integration of securities markets supervisory expertise in the macro-prudential policy framework. AMIC also suggests that already reported data is better used to understand financial markets from a holistic perspective.