New report shows that European asset management shifted towards retail and foreign clients, passive investing, and equity markets
New report shows that European asset management shifted towards retail and foreign clients, passive investing, and equity markets
The European Fund and Asset Management Association (EFAMA) has today published its European Quarterly Statistical Release for the third quarter of 2025.
Today, EFAMA has published its latest Monthly Statistical Release for September 2025.
Yesterday, the European Commission released its proposal to adjust the Sustainable Finance Disclosure Regulation (SFDR), which addresses several persistent challenges and represents an important step towards a more coherent, effective and user-friendly EU sustainable finance framework.
Today, the European Commission unveiled its package on supplementary pensions, focusing on closing the pensions gap and enhancing retirement adequacy for Europe’s citizens. This initiative is a key component of the Savings and Investments Union, reflecting the European Commission's firm commitment to helping individuals build financial security for their retirement.
As we gather at the close of this Forum, one thing is clear: the conversations we have had over these two days are not just about today’s challenges—they are about shaping the future of European capital markets.
It has been a privilege to share these two days with such an engaged and insightful group. Thank you for your active participation and the energy you brought to every discussion.
Good afternoon, ladies and gentlemen
It is a great pleasure, and a true privilege, to welcome you to the 31st edition of the EFAMA Investment Management Forum, my first as President.
EFAMA welcomes the FSB recommendation that jurisdictions develop domestic frameworks to monitor and mitigate the build-up of leverage. These analytical frameworks should take a holistic approach and be empirically driven. The main systemic risk stemming from leverage is the imbalance between liquidity demand and supply during periods of stress, not the (collective) default of non-bank financial intermediaries.
In its response to IOSCO’s consultation on the revised recommendations for liquidity risk management for collective investment schemes, EFAMA welcomes the fact that IOSCO recognises aspects essential for proper risk management (e.g., asset managers’ primary responsibility and the absence of one-size-fits-all approaches).
EFAMA has submitted its response to ESMA’s consultation on the Active Account Requirements (AAR). Our industry stands ready to implement the AAR by June 2025... However, we have strong reservations about the heavy and redundant reporting requirements.

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