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's response to ESMA's Call for evidence on the availability and use of credit rating information & data
EFAMA Position Paper on EMIR Reporting: Hybrid Reporting Mechanism
EFAMA responds to EC draft DA on integration of ESG into MiFID II
European Commission’s ambitious market integration package addresses many barriers to the Savings & Investment Union
EFAMA supports the majority of measures but warns against new ESMA supervisory reviews for large asset managers
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
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.