EC has published the mid-term review of the Capital Markets Union project:
Relevant initiatives listed in the Communication include:
- Assessment of the drivers of equity investments by insurance companies and pension funds.
- Amendments to the functioning of ESMA and the other ESAs to promote the effectiveness of consistent supervision across the EU and beyond.
- Legislative proposal on pan-European personal pension product.
- Specific prudential treatment for STS securitisations in Solvency II.
- Legislative proposal for an EU framework on covered bonds.
The EC also adopted the amendment to the Solvency II Delegated Act on infrastructure corporates: