European Commission Consults on Recovery and Resolution Framework for Non-Bank Financial Institutions

The European Commission is seeking public views on a regime to govern the recovery and resolution of financial institutions other than banks. In recognizing that the difficulties of non-bank institutions have the potential to pose a threat to wider financial stability, the consultation paper asks for input on recovery and resolution tools for central counterparties, central securities depositories, insurance firms, and reinsurance firms.

Responses to the consultation should be submitted by December 28, 2012.

See also thisrelated news story: European Commission to Propose New Framework for Bank Recovery and Resolution.