Capital markets
Investment managers, acting on behalf of their retail and institutional clients, are among the largest investors in financial markets. They represent a key component of the market’s “buy-side” segment.
In representing the interests of its members on wholesale capital market issues, EFAMA advocates for fair, deep, liquid, and transparent capital markets, supported by properly regulated and supervised market infrastructure.
EFAMA response to the EBA consultation on the guidelines on the sound management of third-party risk for non-ICT related services
Market data users have identified important gaps in plans for EU consolidated tape
List of recommendations show what is needed to ensure a successful tape.
Advancing EU capital markets: Prioritising key targets for the Savings and Investments Union
Where there is a will, there is a way
This article was first published in Paperjam on 2 April 2024.
The Efama trade group has several recommendations on how to build stronger capital markets in Europe, and help individual investors at the same time.
Households continue to keep a disproportionate amount of money in bank deposits in most European countries
New report calls for action to be taken to revive the Capital Markets Union project
Household Participation in Capital Markets
This report analyses the progress made in recent years by European households in allocating more of their financial wealth to capital market instruments (pension plans, life insurance, investment funds, debt securities and listed shares) and less in cash and bank deposits. It also includes policy recommendations on improving retail participation in capital markets, including for the Retail Investment Strategy currently under discussion.
Some key findings include:
Asset Management Report 2017
Closet Index Funds
EFAMA has reviewed ESMA’s statement “Supervisory work on potential index tracking”, which sets out research to determine whether any indication of closet indexing could be found at EU level. To contribute to the debate on this matter, EFAMA has prepared a paper, which highlights the limits of identifying closet index funds through a statistical analysis, drawing on recently published research papers.
Annual Report 2015
