After nearly five years in the making, the European Union has now finalised an extensive new framework for the prudential regulation of investment firms. The new framework will establish a new set of classifications and capital requirements for investment firms, as well as impose governance and remuneration requirements. Kai Zhang, Matthew Baker, Daniel Csefalvay and Bernd Geier have discussed the key requirements under the new framework and their potential impact.
The full report can be downloaded here .
This document provides a general summary and is for information/educational purposes only. It is not intended to be comprehensive, nor does it constitute legal advice. Specific legal advice should always be sought before taking or refraining from taking any action.