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.

Related policy positions

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Press Release

Capital Markets

21 October 2025

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.

Publication

Capital Markets

01 July 2025

Advancing EU capital markets: Prioritising key targets for the Savings and Investments Union

Policy position

Capital Markets

EMIR

01 March 2023

Joint trade association advocacy paper on equity option margin exemption under EMIR 3

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

Publication

kids helping dad put up a frame on the wall

Capital Markets

Capital Markets Union

Retail Investment

22 January 2024

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:

Press Release

Capital Markets

29 June 2023

Buy-side experts worried that mandatory active accounts for EU clearing could increase systemic risks, not lower them

EFAMA is pleased to share the link to the educational webinar it organised on 14 June with leading buy-side clearing experts, including Allianz Global Investors, Aviva Investors, BlackRock and Nordea Asset Management, to discuss the main findings of EFAMA's recent analysis on mandated active accounts for EU clearing.

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Related publications

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year

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Infographic

Capital Markets

MIFID

Capital Markets Union

Data

06 October 2021

Visual | Why do we need a real-time Consolidated Tape in the EU?

The current lack of quality pre- and post-trade data and the fragmentation of data sources remain an obstacle to the completion of the Capital Markets Union. The benefits of a real-time Consolidated Tape are wide-ranging: from market surveillance for supervisors, to best execution and an improved view on trading opportunities for retail investors, to portfolio management and pre- and post-trade analysis for fund managers to name a few.

Publication