| Author (Corporate) | European Commission |
|---|---|
| Series Title | COM |
| Series Details | (2018) 339 final |
| Publication Date | 24/05/2018 |
| Content Type | Policy-making |
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Summary The European Commission put forward on 24 May 2018 a proposal that aims to remove unwarranted regulatory obstacles to the market-led development of sovereign bond-backed securities (SBBS). Ultimately, it intends bring further integration and diversification within the European Union's financial sector, leading to a stronger and more resilient Economic and Monetary Union (EMU). Further information: SBBS are a market-led solution to promote financial integration, reduce the 'home bias' in investors' portfolios and facilitate the diversification of their sovereign exposures. A high level interinstitutional task force studied the merits and feasibility of SBBS. It published its report in January 2018. That analysis and the impact assessment which accompanies this proposal show that SBBS could reduce risks to financial stability. This would be achieved by facilitating the diversification of banks' and other institutions' sovereign portfolios. The proposal Regulation was announced by the European Commission President during his 2017 State of the Union speech and further mentioned in a Communication on completing a Banking Union from October 2017. |
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| Source Link | https://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2018:339:FIN |
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| Subject Categories | Business and Industry |
| Countries / Regions | Europe |
