The European Securities and Markets Authority (ESMA) has published an opinion on the components necessary for a common European framework which applies to loan origination by investment funds.

In this opinion to the European Parliament, the Council of the EU and the European Commission, ESMA sets out its view on the necessary elements for a common European framework for loan origination by investment funds, taking into account the different frameworks currently in place in several Member States. ESMA is of the view that a common approach at EU level would contribute to a level playing field for stakeholders, as well as reducing the potential for regulatory arbitrage. This could in turn facilitate the take-up of loan origination by investment funds, in line with the objectives of the Capital Markets Union.

View ESMA opinion on EU framework for loan origination by investment funds, 12 April 2016