ESMA backs harmonisation of alternative lending rules

The European Securities and Marketing Authority supports the European Commission’s plans for a streamlined regulatory framework for alternative investment funds originating loans.

The European Securities and Marketing Authority (ESMA) has backed the creation of an EU-wide regulatory framework for alternative investment funds (AIF) that originate loans. 

The intervention follows wider plans from the European Commission (EC) to provide standardisation across the EU.

Last year, the EC unveiled its Action Plan on Building a Capital Markets Union (CMU) with the intention of addressing the fragmented nature of Eurozone markets.