Prudential treatment of investment firms

In late September, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) adopted a report on the prudential treatment of investment firms. The Parliament took into account  several requests made by AMAFI, notably concerning remuneration arrangements and assurance that the future framework for investment firms would be equivalent from a risk perspective to that applicable to credit institutions under the CRD and CRR. Other aspects, such as the possibility of conducting supervision on an exclusively consolidated basis, have not yet been addressed. As part of work led by its Board, AMAFI has sent the French authorities proposed amendments to the report (AMAFI /18-65).