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ECB sets out recommendations on macro-prudential policy for nonbank financial intermediation

( November 22, 2024, 14:58 GMT | Official Statement) -- MLex Summary: The European Central Bank provided several recommendations to strengthen the macroprudential perspective in the regulation of the nonbank financial intermediation (NBFI) sector. In its response to the EU Commission's consultation that was open earlier this year, the ECB's recommendations include, among others, the implementation of internationally-agreed reforms, the introduction of a system-wide stress testing in Europe, and the improvement of the NBFI macroprudential toolkit as well as of NBFI data access by different authorities. Document attached....

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