Regulatory News, Regulatory News - EMEA

ESMA reports on shadow banking, leverage and pro-cyclicality

October 4, 2016 The European Securities and Markets Authority (ESMA) has issued a report on securities financing transactions (SFTs), leverage and pro-cyclicality in the EU’s financial markets. The report assesses (a) whether the use of SFTs leads to the build-up of leverage which is not yet addressed by existing regulation; (b) how to tackle such […]