On 5 May 2026, the European Central Bank (ECB) issued a report, Strengthening the macroprudential lens in the regulation of non-bank financial intermediation.
In the report, the ECB summarises a small number of targeted policy proposals that are intended to strengthen the macroprudential lens in the regulation and supervision of the non-bank financial intermediation (NBFI) sector. It also outlines a medium-term roadmap for progressing the macroprudential framework for the NBFI sector including defining and delivering an NBFI data strategy, strengthening risk assessment and surveillance, and progressing the policy framework which includes an evaluation framework for macroprudential interventions in the NBFI sector.