It includes a specific requirement for the European supervisory authorities to disclose annually aggregated information on the exposure to real estate markets of the entities under their supervision. The need for detailed data on real estate markets for prudential purposes was also recognised by the Economic and Financial Affairs Council in 2017.
Like the so-called “Volcker Rule” in the United States, there are also moves to directly regulate banks’ high risk businesses such as proprietary trading and investment in hedge funds.