The European Central Bank (ECB) has published an opinion on the European Commission’s (the Commission) legislative proposal for a Regulation amending the Capital Requirements Regulation to extend certain exemptions for commodity dealers. The ECB states that it has not identified any concrete indications of systemic risk created by commodity dealers that would make it strictly necessary at this stage to remove the exemption for requirements concerning large exposures and own funds that apply at present. The ECB also states that exemptions should be of a temporary nature and calls on the Commission to present a proposal for a comprehensive review of the prudential regulation of investment firms.

View ECB opinion on proposed on proposed Regulation extending exemptions for commodity dealers under CRR, 4 March 2016