The EBA has published presenting its findings and listing a series of recommendations aiming to provide a more proportionate and less complex prudential regime for investment firms.

The report identifies the lack of risk sensitivity in the CRD and CRR regime for investment firms and proposes recommendations to target specific risks posed by investment firms. The report proposes a new category of investment firms, which will distinguish between systemic and "bank-like" investment firms to which full CRD/CRR requirements should apply, and other non-systemic investment firms for which specific requirements should be defined.

The EBA also recommends extending the waiver from the large exposures and capital adequacy provisions for commodity trading firms until 31 December 2020 in order to assess whether a more proportionated framework is suitable for these firms.