EFAMA’s new brochure emphasizes the benefits of investing early
EFAMA’s new brochure emphasizes the benefits of investing early
Today’s communication of the European Commission, “Savings and Investments Union – a Strategy to Foster Citizens Wealth and Economic Competitiveness in the EU” is a major step towards finally developing deeper, more integrated capital markets that the European Union absolutely needs. Achieving the goals of the SIU will help improve citizens’ financial well-being, meet the financing needs of EU companies and improve their competitiveness.
Interactive session to showcase EFAMA’s new tool and support members in complying with the EU AI Act
EFAMA is pleased to invite its members to a dedicated Q&A session introducing the AI System Assessment Tool, taking place on Tuesday 18 March, from 16:00 to 16:45 CET.
This article was first published in Funds Europe on 6 March 2025.
Renewed efforts must be made to encourage citizens to invest, writes Tanguy van de Werve, EFAMA director general. This includes collaboration to radically simplify the Retail Investment Strategy.
EFAMA has today published its European Quarterly Statistical Release for the fourth quarter of 2024, together with an overview of the full year 2024.
Ever since the term “shadow banking” has emerged from the FSB’s working circles in the immediate aftermath of the 2008 global financial crisis[1], our association has consistently argued that its use as a reference to regulated asset management companies and their funds is inaccurate and mis-leading.
Andreas Stepnitzka, EFAMA Deputy Director, Regulatory Policy, comments:
The Commission aims to present a legislative proposal to address the tax-induced debt-equity bias, also to support the action plan for the Capital Markets Union and to encourage companies to finance their investment through equity contributions rather than through debt financing.
EFAMA provided high-level comments to the Commission’s consultation on the potential review of the Directive on Distance Marketing of Consumer Financial Services.
We agree with the Commission’s interpretation that the Directive is seen as a “safety net” for financial services not already subject to product-specific legislation. Fund and asset managers are already subject to various, more stringent and detailed sectoral legislations, such as (but not limited to) UCITS, AIFMD and MiFID as well as the (more recent) Cross-Border Fund Distribution Directives.
The asset management industry recognises the much-needed adoption of mandatory European sustainability reporting standards under the Corporate Sustainability Reporting Directive (CSRD) proposal. Insufficient availability of meaningful, comparable, reliable, and public Environmental, Social and Governance (ESG) data is a key impediment to realising the full potential of the EU's sustainable finance regulatory framework. Financial market participants' sustainable investments need to be driven by real, verifiable and reported ESG metrics of company's activities and financial risks.
Nine associations (AFME, AIMA, EAPB, EBF, EFAMA, FIA, ICI, ISDA, SIFMA AMG) welcome the Commission's decision to grant a time-limited equivalence decision in respect of UK CCPs. However, when this time-limited equivalence decision expires on 30 June 2022, there remains a significant risk of disruption to clearing for EU firms and to their access to global markets.

Discover the 6 reasons why your organisation should become a member of EFAMA.
Our members enjoy significant benefits including the opportunity to shape the industry positions, get first-hand access to regulatory and political intelligence, engage with industry peers and policymakers, and take part in EFAMA events.
Our three membership categories cater to the wide range of organisations that make up and support the investment management industry in Europe.