Letters

Impact of the European Commission’s Proposal to Amend Moratorium Powers Under the BRRD

Summary

SIFMA AMG and ICI Global submitted a letter to European Union policy makers providing data that supports concerns with the European Commission’s proposal to expand moratorium tools available under BRRD. The data outlined in the letter demonstrates the size of the relevant markets in Europe that may be impacted if pension funds, regulated investment funds, private funds and other investors on whose behalf asset managers act as fiduciaries determine not to enter into transactions with, custody with, or invest in EU banks as a result of an expansion of the proposed moratorium powers.

PDF

Submitted To

European Commission

Submitted By

SIFMA AMG and ICI Global

Committee

Asset Management Group (AMG)

Date

23

January

2018