Today the European Securities and Markets Authorities (ESMA) hosted the T+1 Governance Launch Meeting to present the arrangements for driving the move to the reduction of default settlement cycles to T+1 for EU securities markets.
Today the European Securities and Markets Authorities (ESMA) hosted the T+1 Governance Launch Meeting to present the arrangements for driving the move to the reduction of default settlement cycles to T+1 for EU securities markets.
The new European Commission is under pressure to act quickly and decisively and are moving full steam ahead with their policy priorities in 2025.
We can expect numerous new regulatory proposals in areas of importance for asset managers, including simplification, boosting competitiveness, financial stability and a new Savings & Investment Union proposal.
The focus on competitiveness and regulatory simplicity is definitely a step in the right direction after many years of ballooning regulatory complexity.
EFAMA has published its latest Monthly Statistical Release for October 2024.
Thomas Tilley, Senior Economist at EFAMA, commented: “2024 is shaping up to be another record-breaking year for ETFs, with almost EUR 200 billion in net sales over the first ten months of the year.”
EFAMA has published today the latest edition of its Market Insights series, titled “The sectoral performance of active and passive UCITS - is a simple measure enough?”. This publication compares the net performance of different categories of equity UCITS funds over the last ten years (2014-2023).
EFAMA has published its latest International Quarterly Statistical Release for Q3 2024.
This article was first published in the 2024 Asset Management Report on 12 December 2024.
I am delighted to present the 16th edition of EFAMA’s Asset Management Report, which offers a comprehensive analysis of the current state and recent trends in the European asset management industry.
EFAMA has today published the 16th edition of its Asset Management in Europe report, which provides in-depth analysis of recent trends in the European asset management industry.
Key findings of the report include:
This is the 16th edition of our ‘Asset Management in Europe’ report. The report provides an in-depth analysis of recent trends in the European asset management industry.
Some of the main findings include:
EFAMA fully supports the Commission’s initiatives to fight tax avoidance and aggressive tax planning. The work of the technical teams that acknowledged our industry’s special requirements and the proposal of carve-out rules to protect investment structures and end-investors are, to a certain extent, to be welcomed.
EFAMA appreciates the opportunity to share our views on the European Commission’s consultation on enhancements to the suitability and appropriateness assessments forming part of the wider, upcoming Retail Investment Strategy.
EFAMA welcomes the decision of the European Commission to adopt a targeted approach in its review of the Alternative Investment Fund Management Directive (AIFMD), along with key harmonising provisions within the Undertakings for Collective Investment in Transferrable Securities Directive (UCITSD). This focus on targeted improvements recognises the role this framework has played in encouraging the growth in the European Alternative Investment Fund (AIF) market over the past decade and its resilience even throughout recent market stresses.
EFAMA strongly supports the Commission's draft proposal amending the ELTIF Regulation where it addresses some of the major obstacles that have undermined the attractiveness of the ELTIF product since inception. The revised legal framework has the potential to transform ELTIF into a product of choice for a larger (retail) investor audience, all while serving the purposes of the Capital Markets Union (CMU). However, some important adjustments remain to be made for the ELTIF regime to reach its full potential as a competitive long-term investment option.
The European Commission’s proposal on MiFIR establishes the blueprint for a consolidated tape (CT) for Europe’s capital markets. It also significantly alters the competitive market structure brought about by MiFID II by introducing greater transparency requirements. Finally, it addresses important issues around market data costs.
EFAMA replied to IASB’s request for information on the Post-Implementation Review (PIR) of IFRS 9 – Classification and measurement. Our paper recaps EFAMA’s key concerns and recommendations to the IASB. The key concerns of the industry are the removal of recycling (in particular for institutional investors) and the classification of investment entities and investment funds as debt instruments.

Discover the 6 reasons why your organisation should become a member of EFAMA.
Our members enjoy significant benefits including the opportunity to shape the industry positions, get first-hand access to regulatory and political intelligence, engage with industry peers and policymakers, and take part in EFAMA events.
Our three membership categories cater to the wide range of organisations that make up and support the investment management industry in Europe.