Press Release
Young couple listening attentively to a financial advisor
Competitiveness
11 September 2024

Draghi report highlights underdeveloped occupational and private pension systems as an issue for European competitiveness

EFAMA identifies four key areas for improvement

 

EFAMA welcomes the high degree of ambition and clear call to urgent action put forward by former European Central Bank President Mario Draghi to address the EU's competitiveness challenges and reverse the ongoing trend of slowing growth and declining productivity. Improving the EU’s global competitiveness is vital for preserving EU’s prosperity in the long run, enhancing investment opportunities and attracting more capital into the EU.

 

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Press Release
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Statistics
05 September 2024

Strong net inflows into bond UCITS in June

EFAMA has published its latest Monthly Statistical Release for June 2024.

 

Thomas Tilley, Senior Economist at EFAMA, commented: “The ECB rate cut of early June resulted in strong net inflows into bond UCITS throughout the month.”

 

The main developments in June can be summarised as follows:

 

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Press Release
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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.

 

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Publication
MiFIR
MIFID
28 August 2024

ESMA's consultation on MiFIR Review Package

EFAMA supports achieving greater transparency through reform of the bond deferral regime. We would like to offer some feedback that suggests a different calibration on both liquidity thresholds, and the determination of trade size buckets.


We appreciate the analysis carried out by ESMA, which offers a solid basis for the review of the bond deferral regime. Nevertheless, we would like to provide some feedback on the proposed approach, which we believe can be further finetuned:

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Press Release
fingers on a the screen of an ipad against a fancy virtual background showing colorful charts
Statistics
24 July 2024

Net sales of equity UCITS reached a 3-year high in May

EFAMA has published its latest Monthly Statistical Release for May 2024.

 

Thomas Tilley, Senior Economist at EFAMA, commented: “May 2024 saw net sales of equity UCITS rise to a 35-month high thanks to strong net inflows into equity ETFs and a rebound in non-ETF equity funds.”

 

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Statement
Green patches of grass
ELTIF
22 July 2024

ELTIF 2.0 Level 2 rules are almost complete

On Friday 19 July, the European Commission formally adopted its Delegated Regulation supplementing the ELTIF Regulation. This text will now be subject to a 3-month scrutiny period by the co-legislators before entering into force.

 

EFAMA congratulates the Commission on a very robust set of Level 2 rules which will support the revised ELTIF rulebook.

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