Context of the proposal
I. Financial Stability Board and the EU Financial Services Committee. The international work on shadow banking has effectively begun after the G20 Seoul Summit in November 2010, where the FSB was called "to work in collaboration with other international standard setting bodies to develop recommendations to strengthen the regulation and oversight of the shadow banking" (www.g20.org and www.financialstabilityboard.org).
II. The Communication is related to a number of regulatory initiatives. It links mainly to the Commission proposals on prudential requirements for banks (CRD IV), on investment funds (UCITS and AIFM Directives) and on securities (future Security Law Directive).
III. No ex-post analyses has yet been carried out on the above-mentioned legislation as they are just entering into force or are not finalised.
Full roadmap
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