Today the European Securities and Markets Authorities (ESMA) hosted the T+1 Governance Launch Meeting to present the arrangements for driving the move to the reduction of default settlement cycles to T+1 for EU securities markets.
Today the European Securities and Markets Authorities (ESMA) hosted the T+1 Governance Launch Meeting to present the arrangements for driving the move to the reduction of default settlement cycles to T+1 for EU securities markets.
The new European Commission is under pressure to act quickly and decisively and are moving full steam ahead with their policy priorities in 2025.
We can expect numerous new regulatory proposals in areas of importance for asset managers, including simplification, boosting competitiveness, financial stability and a new Savings & Investment Union proposal.
The focus on competitiveness and regulatory simplicity is definitely a step in the right direction after many years of ballooning regulatory complexity.
EFAMA has published its latest Monthly Statistical Release for October 2024.
Thomas Tilley, Senior Economist at EFAMA, commented: “2024 is shaping up to be another record-breaking year for ETFs, with almost EUR 200 billion in net sales over the first ten months of the year.”
EFAMA has published today the latest edition of its Market Insights series, titled “The sectoral performance of active and passive UCITS - is a simple measure enough?”. This publication compares the net performance of different categories of equity UCITS funds over the last ten years (2014-2023).
EFAMA has published its latest International Quarterly Statistical Release for Q3 2024.
This article was first published in the 2024 Asset Management Report on 12 December 2024.
I am delighted to present the 16th edition of EFAMA’s Asset Management Report, which offers a comprehensive analysis of the current state and recent trends in the European asset management industry.
EFAMA has today published the 16th edition of its Asset Management in Europe report, which provides in-depth analysis of recent trends in the European asset management industry.
Key findings of the report include:
This is the 16th edition of our ‘Asset Management in Europe’ report. The report provides an in-depth analysis of recent trends in the European asset management industry.
Some of the main findings include:
EFAMA, the voice of the European investment management industry, strongly supports the initiative to establish an EU Green Bond Standard (GBS). We believe that, thanks to the recommendations made by the TEG, the GBS has a great potential to effectively play its important role in financing assets needed for the low-carbon transition.
EFAMA comments the IASB's Exposure Draft (ED/2017/7). It supports IASB's efforts to improve consistency in the layout of the primary financial statements and the relevance of financial statements.
Proposals around new defined sub-totals and line items will improve consistency and will assist in the implementation of electronic reporting format initiatives.
EFAMA appreciates the Commission's efforts in pursuing an alleviation of certain MiFID II requirements in the interest of promoting a swift recovery from the economic crisis precipitated by the Covid-19 pandemic (....).
EFAMA believes however that there are more effective ways to foster SME access to markets and urges the Commission to consider a set of further measures (...)
In light of the current COVID-19 circumstances and the already existing ambitious time table for the implementation, EFAMA calls for the EBA to carefully consider these circumstances and request the EC to postpone the date for the application of the IFD/IFR framework (26 June 2021) and the time table of the level 2 measures (such as the deadline of 26 December 2020 for providing drafted RTS and ITS).
EFAMA considers the Sustainable Finance Disclosure Regulation (SFDR) and its accompanying technical standards essential pieces in a strong and ambitious framework for sustainable investing. Its feedback aims at improving the effectiveness and feasibility of the ESAs’ proposal, as well as strengthening this regulation’s synergies with existing and upcoming rules.
A holistic approach is recommended when establishing whether the use of leverage of AIFs poses leverage-related systemic risk and materially contributes to financial instability. Any regulatory policies on leverage need to be evidence-based and developed with empirical evidence showing the extent to which the use of leverage in AIFs contributes to the build-up of systemic risk. The Covid-19 pandemic is testament that no major dysfunction was reported in terms of use of leverage by AIFs.

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.