However, the EBA is currently developing principles that will provide a basis for closer management of this activity in future.
Third, macro-prudential authorities should have the power to identify and require that systemically important non-bank financial institutions should be subject to more  BIS central bankers’ speeches  5  enhanced surveillance standards similar but not equal to the bank supervision regime, as it is the case in the U.S. Fourth, we would like to see counter-cyclical margin requirements for the extension of credit for trading in securities markets.