On January 24, ISDA and the Association for Financial Markets in Europe (AFME) responded to the European Central Bank’s (ECB) consultation on its approach to options and discretions under EU law. In the response, the associations highlight the efforts of the ECB to establish consistent options and discretions that would harmonize rules and foster a level playing field in the euro area. The response also mentions that further actions are necessary, specifically on trading book boundary classifications and exemptions.
The response includes a comprehensive set of recommendations that the associations urge the ECB to consider, as these suggestions will provide crucial certainty to banks in their implementation of the third Capital Requirements Regulation.
Documents (1) for Joint Response to ECB Consultation on Options and Discretions under EU Law
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