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.
I want to acknowledge the incredible work of our organisers – the EFAMA team – and extend thanks to our sponsors and our media partners. Thank you in particular to the speakers and all the policymakers and the authorities who joined us with their interventions.
This Forum would not have been possible without your dedication. Thank you for helping us bring this important dialogue to life.
As we conclude, I would like to share three key takeaways that resonated with me:
- The urgency of retail investor participation
Empowering retail investors is not just a policy goal – it is a necessity for Europe’s long-term competitiveness. Financial literacy, tax incentives, and simplified investor journeys must remain at the heart of our efforts.
- Regulation must enable, not hinder
Simplification must mean better, not less. We need clarity over complexity and rules that support innovation and investor confidence. Regulation should be a catalyst for progress, not a barrier.
- Digital transformation and innovation
AI, tokenisation, and initiatives like the Scale Europe Fund and the Digital Fitness Check will shape the future of asset management. Europe’s leadership in digital finance depends on our ability to regulate with foresight and flexibility.
Let us not lose momentum. The conversations we’ve had here must translate into action – bold, coordinated, and forward-looking. These events are a fantastic and unique opportunity for engagement between policymakers, regulators and the industry.
EFAMA – the voice of the European Asset Management Industry - remains committed to driving the Savings & Investments Union, advancing sustainable finance, and embracing digital innovation.
EFAMA will continue to make itself strong together with its members in front of the European Union and the authorities in these critical areas.
As John Maynard Keynes – the economist whose ideas fundamentally changed macroeconomics and economic policies of governments - once said:
“The difficulty lies not so much in developing new ideas as in escaping from old ones.”
Progress demands courage – not only to imagine new futures, but to let go of outdated frameworks. This Forum has shown that our industry is ready to lead that change.
Thank you once again for your insights, your energy, and your commitment. We look forward to continuing this journey together.
