Lobbying on Sovereign bond-back securities product regulation

Sovereign bond-back securities product regulation

Banking and financial services

This initiative will introduce an enabling regulatory framework within the EU prudential framework for the development of sovereign bond-backed securities which would reflect their specificities

Links

Public consultation

ID: 1547

Lobbying Activity

5 responses

Consultation response

Banco Santander, S.A., 20 Feb 2018

Santander has always support the European Banking Union. Since the financial crisis, important steps have been achieved and risk reduction measures are being implemented. This has already helped reducing financial fragmentation and the sovereign-bank link. However, some important risk sharing…

Finance Industry Urges Caution on European Safe Asset Plans

Association for Financial Markets in Europe, 20 Feb 2018

AFME requests further consultations before progressing the initiative, expressing concerns about market feasibility and unintended consequences. They argue essential criteria for success have not been met and warn the proposal could harm European government bond market liquidity.

This would protect their members' profitable sovereign debt trading operations from disruption.

Proponents of Banking Union completion lose momentum toward breaking sovereign-bank doom loop.

Consultation response

BANCO BILBAO VIZCAYA ARGENTARIA, 27 Jul 2018

We welcome the opportunity to give feedback to the Commission’s recent proposal on Sovereign Bond-Backed Securities (SBBS). The legislative proposal gives light on some issues that were still uncertain after the different academic working papers and the ESRB analysis. We share the Commission’s…

Consultation response

European Entrepreneurs CEA-PME, 27 Jul 2018

(see document enclosed)

Consultation response

Die Deutsche Kreditwirtschaft, 24 Aug 2018

Making the European Economic and Monetary Union (EMU) more stable and crisis-proof is one of Europe’s priority policy objectives. The further integration and diversification of the European financial sector is a significant aspect of this. That is because better risk diversification and cushioning…