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​‘Macroprudential’ rules need tailoring for markets, funds, Maijoor says

( November 7, 2016, 17:26 GMT | Official Statement) -- MLex Summary: “Macroprudential” rules, which aim to address economic concerns via financial industry regulation, should be applied to market infrastructure and investment funds, but in a way distinct from banking measures, the EU’s top securities regulator said. Market supervisors’ expertise will be critical for such actions, said Steven Maijoor, chairman of the European Securities and Markets Authority.The following is the text of the statement. Click the attachment at bottom for the full text of the prepared remarks, as published by ESMA....

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