EMF: CRD IV Position Paper

07 November 2011

The European Mortgage Federation (EMF) reiterated its support to the European Commission Proposal on CRD IV, designed to improve the resilience of the financial system by aligning EU financial regulatory reform with the proposals of the Basel Committee.

However, the EMF says that if the rules as proposed are adopted without changes, there is a serious concern that they will be detrimental for the European Mortgage Industry and consumers. In order to ensure that the goals of Basel III can be reached whilst ensuring that the European Mortgage Industry is able to continue to fulfil its essential role in sustaining the economic recovery and providing wider access to housing in Europe, the EMF would like to present a number of alternatives. The EMF is focusing on the following areas in this regard:

The EMF is currently investigating the issue of the regulatory overreliance on credit rating agencies and the real cliff effects it represents for the industry.

Position Paper


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