Stable NBFI sector cannot be achieved using bank rules, says EU official

European Commission launches consultation on macroprudential policies for non-banks

by Barbara Pianese

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Stable NBFI sector cannot be achieved using bank rules, says EU official

Image: Reuters/Yves Herman/File Photo

Risk management regulations for the banking sector are insufficient for ensuring the stability of the non-bank financial sector, said the head of secretariat of the European Systemic Risk Board at an event yesterday.

Francesco Mazzaferro’s comments came alongside the launch of a European Commission consultation on macroprudential policies for non-banks, in a bid to manage risk in the shadow banking industry after a series of stress events have impacted the mainstream financial sector.

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Barbara Pianese

Barbara Pianese is the Latin America editor at The Banker. She joined from Mergermarket, where she spent four years covering mergers and acquisitions across Europe with a focus on the consumer sector. She holds an MA in International and Diplomatic Affairs from the University of Bologna having studied in Brazil and France as well.