2025_10_10_letter_to_j_berrigan_re_eba_opinion_rts_to_specify_the_hlfi_with_minimal_market_risk_credit_risk_and_concentration_risk.pdf
EBA opinion on the European Commission’s proposed amendments to Regulatory Technical Standards (RTS) under MiCA, addressing highly liquid financial instruments (HLFI) with minimal market, credit, and concentration risk. The EBA rejects changes that could weaken prudential safeguards, emphasizing alignment with LCR and UCITS frameworks to prevent liquidity risks and regulatory arbitrage.