Alternative Investment Management Association Representing the global hedge fund industry
On 5 October 2012, the European Commission released a consultation on a possible framework for the resolution of non-bank financial institutions. The Consultation builds upon the G20 mandate and FSB Key Attributes which provide for effective recovery and resolution regimes for all financial institutions. It considers, in particular, the risks and resolution challenges posed by FMI's and insurance companies. AIMA submitted a response. Regulatory proposals are expected during 2014.
On 17 October 2013, the European Parliament ECON committee voted to adopt an own initative report ont he recovery and resolution of non-banks. This was subsequently tabled for the European Parliament during a plenary sitting on 22 October 2013.