23 Sep 2016 | Statements and Position Papers
On 21 September 2016, ALFI responded to the consultation “Proposed Policy Recommendations to Address Structural Vulnerabilities from Asset Management Activities” issued by the Financial Stability Board (FSB) in June this year.
ALFI confirmed its support regarding efforts to promote resilient and transparent financial markets and welcomed that the FSB has focused in this consultation on asset management activities. In general, ALFI believes asset management activities do not entail structural vulnerabilities and stressed that, in Europe, the sector is already highly regulated. As such, ALFI does not believe that some of the scenarios envisaged by the FSB, such as securities lending activities, if conducted in accordance with current European standards, or transfer of accounts, present a systemic risk to the functioning of markets.
To view the response, please click here.