ECON Committee reports on recovery and resolution framework for non-bank institutions

22 October 2013

The report by Rapporteur Swinburne focuses specifically on CCPs and CSDs as key critical market infrastructure that needs strong recovery and resolution rules as a priority.

The European Parliament’s Committee on Economic and Monetary Affairs (ECON) issued a report on recovery and resolution frameworks for non-bank institutions. The report focuses specifically on central counterparties (CCPs) and central securities depositories (CSDs) as key critical market infrastructure that needs strong recovery and resolution rules as a priority.

The report also acknowledges that there are many other entities that are non-bank financial institutions, including insurance undertakings, asset managers and payment systems.

Full report

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