Enabling sovereign bond-backed securities
This briefing analyses the IA accompanying the legislative proposal of the Commission to enable market-led sovereign bond-backed securities (SBBS). The problem definition and the objectives of the IA do not follow entirely the better regulation guidelines. Nevertheless, the policy options, including the baseline scenario, seem logical and pertinent, lacking, however, necessary specification and precision. The assessment focusses on direct effects on the euro-area sovereign bonds market, expecting no direct social or environmental impacts. The IA does not include the mandatory 12-week public consultation nor a comprehensive cost and benefit assessment of the initiative. It also omits, without explanation, a number of relevant issues, so that it seems like a missed opportunity to provide comprehensive and transparent support to evidence-based policy making.
Briefing
O tomto dokumente
Typ publikácie
Autor
Oblasť politiky
Kľúčové slovo
- analýza dosahu
- banková únia EÚ
- ekonomická analýza
- EKONOMIKA
- eurozóna
- EURÓPSKA ÚNIA
- Európsky orgán pre cenné papiere a trhy
- FINANCIE
- finančná legislatíva
- finančná stabilita
- finančné riziko
- finančný dohľad
- inštitúcie EÚ a európska verejná služba
- menová ekonómia
- menové vzťahy
- návrh (EÚ)
- obligácia
- právo Európskej únie
- verejné financie rozpočtová politika
- verejné výpožičky
- voľný pohyb kapitálu