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By Antoine KREMER, ABBL ALFI Head of European Affairs
Right before Christmas 2017 the European Commission came forward with two legislative proposals on the supervision (directive) and the capital requirements (regulation) for investment firms. Ever since the European Parliament and the Council have been working on the two texts with the former’s Economic and Monetary Committee (ECON) adopting this Monday its version of the legislation in the making.
One main element is that smaller non-systemic investment firms are not to have to apply bank rules but will be subject to a lighter regime specified in the two pieces of expected legislation. The big investment firms – defined as those where the average monthly assets exceed 30 billion...
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