Principal business criteria  10  BIS central bankers’ speeches  Under the present dispensation, a company is treated as an NBFC if its financial assets are more than 50 percent of its total assets (netted off by intangible assets) and income from these financial assets is more than 50 percent of its gross income. Both these tests are required to be satisfied.
At the same time, European societies need to deal with challenges such as demographic change, climate change, and changing patterns of globalisation. This creates a need to re-assess the state of integration of financial markets and to evaluate policy measures that can help to eliminate existing bottlenecks and reduce frictions.