The European Commission has published a consultation paper on a review of the EU macro-prudential framework. The goal of the framework is to ensure the stability of the financial system as a whole and to allow EU member states to address specific financial stability risks. As the framework has evolved incrementally over a number of years, its piecemeal approach has created a number of weaknesses in the framework. With this in mind, the aim of the consultation is to gather evidence and feedback on possible improvements to the framework in the most urgent areas that need to be addressed to ensure it functions more effectively. Its key aim is to ensure that the right balance between national flexibility and community control is achieved. Comments are invited by 24 October 2016.