While  tighter regulation following the 2008 financial crisis helped bridge prior regulatory gaps, it also led to regulatory fragmentation across jurisdictions. Despite international coordination, different jurisdictions inevitably adopted different regulatory approaches and rules. The European Union is no exception; rules are not always interpreted or implemented consistently across the Union.

EFAMA participates in the effort to address this regulatory fragmentation. It does so by promoting effective and consistent supervision across Member States, by defending the industry’s delegation model, and by advocating for deference between jurisdictions. EFAMA also monitors 3rd-country developments, to ensure that such developments do not negatively impact the European asset management industry. These initiatives have concrete impact on increasing product choice and decreasing costs, which benefits end investors.