EFAMA appreciates the opportunity to comment on the EMIR 3.0 proposal reforming the clearing framework in the EU. We share the objectives of this review which seek to ensure financial stability in the EU, and the well-functioning of the existing central clearing framework. We understand the objective to reduce excessive exposure to substantially systemic CCPs over time, though we maintain that any regulatory measures should be proportionate to the regulatory rationale, and should not unduly harm market participants.
Asset Management in Europe
EFAMA's 17th edition of its ‘Asset Management in Europe’ report provides an in-depth analysis of recent trends in the European asset management industry.
Data on many different facets of the industry are covered, including:
- Total assets under management in Europe, covering investment funds and discretionary mandates
- The role of asset managers in Society and the Economy, including serving investors' needs and engaging with investee companies.
- Industry clients: at both European and country levels, including domestic and foreign clients.
- Asset allocation in Europe of investment funds and mandates, including ESG assets
- Industry organisation, such as market concentration, industry profitability and employment
