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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year

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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

EC Targeted consultation on the functioning of the EU securitisation framework

The EU Securitisation Regulation, which aimed to enhance transparency and strengthen trust, is undergoing a very timely review. EFAMA supports the European Commission’s initiative to engage stakeholders in shaping key improvements to this critical framework.

Press Release

hands on laptop keyboard against tradingfloor style background and virtual charts

Capital Markets

02 September 2024

Robust governance needed for future consolidated tape providers

ESMA technical standards move one step closer to consolidated tape launch.

ESMA recently closed the consultation for regulatory technical standards that will define the competitive selection process for the consolidated tape, as well as the technical abilities that applicants will be assessed on. In its response for the buy-side, EFAMA stressed that a robust governance framework for the operators of the tapes is critical.

Viewpoint

Capital Markets

02 April 2024

Where there is a will, there is a way

This article was first published in Paperjam on 2 April 2024.

The Efama trade group has several recommendations on how to build stronger capital markets in Europe, and help individual investors at the same time.

all news

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