Non-bank financial institutions: assessment of their impact on the stability of the financial system



Download 2,84 Mb.
Pdf ko'rish
bet200/214
Sana06.06.2022
Hajmi2,84 Mb.
#640613
1   ...   196   197   198   199   200   201   202   203   ...   214
Bog'liq
ecp472 en

 
 
 
Section E.
Additional comments 
1.
 
If, in addition to the previously addressed points, there are any additional issues you feel should be 
considered during this study, please provide comment below. 
OPEN RESPONSE 


 
Annex
 9

 Stakeholder consultations 
 
 
 
 
 
 
 
 
219 
 
A9.1.2
 
Pension funds 
Background 
This rapid growth of non-bank financial intermediaries (i.e., so-called other financial intermediaries and the 
financial sector activities of insurance undertakings and pension funds) raises many policy questions, 
challenges and issues. 
However, at the present time, there is a lack of comprehensive, evidence-based analysis and understanding 
of the role and impact of non-bank financial intermediaries on financial stability and the economy more 
generally. 
The current study is intended to be an important building block for the Commission's further work within the 
context of the operation of the European Systemic Risk Board (ESRB). In this regard, it should provide a 
significant contribution to the Commission's knowledge building and information gathering capacity. The 
ESRB has been established with the purpose of identifying, monitoring and assessing potential risks to 
financial stability in the EU that arise from macroeconomic and financial developments. The ESRB conducts 
macro-prudential oversight of the EU financial system so as to contribute to the prevention or mitigation of 
systemic risks to financial stability. To achieve its mission, the ESRB collects and analyses information, 
monitors macro-financial developments and can issue recommendations to policy-makers and supervisors. 
Taking into account the aforementioned background, the aims of the study are to: 

Undertake an analysis of the role of non-bank financial intermediaries (as a whole industry and per 
relevant segment) in the building up of imbalances and the asset bubble(s) during the period 2001-
2007 

Undertake an assessment of the behaviour of non-bank financial intermediaries during the crisis 
(again as a whole industry and by relevant segment). In particular, the study seeks to examine 
whether non-bank financial intermediaries amplified the systemic risk and/or suffered 
asymmetrically from the financial crisis (i.e. over the period 2007-2009) 

Develop recommendations for a better supervision and regulation of risk among the relevant non-
bank financial intermediary segments. This would be at the macro level to reveal economic 
imbalances rather than detailed micro-prudential rules – thus assisting the ESRB rather than the 
new ESAs 


Annex

Download 2,84 Mb.

Do'stlaringiz bilan baham:
1   ...   196   197   198   199   200   201   202   203   ...   214




Ma'lumotlar bazasi mualliflik huquqi bilan himoyalangan ©hozir.org 2024
ma'muriyatiga murojaat qiling

kiriting | ro'yxatdan o'tish
    Bosh sahifa
юртда тантана
Боғда битган
Бугун юртда
Эшитганлар жилманглар
Эшитмадим деманглар
битган бодомлар
Yangiariq tumani
qitish marakazi
Raqamli texnologiyalar
ilishida muhokamadan
tasdiqqa tavsiya
tavsiya etilgan
iqtisodiyot kafedrasi
steiermarkischen landesregierung
asarlaringizni yuboring
o'zingizning asarlaringizni
Iltimos faqat
faqat o'zingizning
steierm rkischen
landesregierung fachabteilung
rkischen landesregierung
hamshira loyihasi
loyihasi mavsum
faolyatining oqibatlari
asosiy adabiyotlar
fakulteti ahborot
ahborot havfsizligi
havfsizligi kafedrasi
fanidan bo’yicha
fakulteti iqtisodiyot
boshqaruv fakulteti
chiqarishda boshqaruv
ishlab chiqarishda
iqtisodiyot fakultet
multiservis tarmoqlari
fanidan asosiy
Uzbek fanidan
mavzulari potok
asosidagi multiservis
'aliyyil a'ziym
billahil 'aliyyil
illaa billahil
quvvata illaa
falah' deganida
Kompyuter savodxonligi
bo’yicha mustaqil
'alal falah'
Hayya 'alal
'alas soloh
Hayya 'alas
mavsum boyicha


yuklab olish