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EFAMA Reply to 2nd consultation on NBNI G-SIFIs

Management Companies | Financial stability
25 May 2015 | Policy position
Management Companies
Financial stability
EFAMA Reply to 2nd consultation on NBNI G-SIFIs

EFAMA and its Members appreciate the opportunity to comment on the second FSB/IOSCO consultative document in the context of the current global debate around the alleged “systemic” nature of the asset management industry. EFAMA is the representative association for the European investment management industry. We represent through our 26 national association members, 63 corporate members and 25 associate members about EUR 17 trillion in assets under management, of which EUR 11.3 trillion managed by 55,600 investment funds at end‐December 2014. Over 36,100 of these funds are UCITS (Undertakings for Collective Investments in Transferable Securities) funds, as regulated under the relevant EU UCITS directive of 20091

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