EFAMA supports the European Commission's initiative to establish the European Single Access Point. We see it as a unique opportunity for the Capital Markets Union to centralise all publicly available ESG and financial transparency information data in one place.
Data
In the modern economy, data is increasingly becoming a strategic asset. This is particularly true for the asset management industry, where data forms the backbone of the daily activities and internal processes necessary to guarantee best practices in portfolio management.
Asset managers are major users of a variety of data, including market data, index data and, increasingly, ESG data. EFAMA advocates for, and seeks to support members’ access to, high-quality, standardised and comparable data at a fair price. EFAMA also encourages the creation of a well-structured, reasonably priced consolidated tape fed by all trading venues and systematic internalisers for all financial instruments.
Related policy positions
Policy position
Capital Markets Union
Data
Sustainable Finance
12 March 2021
EFAMA response to Commission consultation on establishment of European Single Access Point (ESAP)
Policy position
Data
International agenda
01 March 2021
EFAMA responds to IOSCO Consultation on Market Data in Secondary Equity Market
EFAMA supports the initiatives launched by IOSCO and other regulators (e.g. ESMA, FCA, SEC) to analyse and address the significant issues concerning market data in the secondary equity market.
Policy position
Data
11 January 2021
EFAMA's reply to ESMA's CP on the Guidelines on the MiFID II / MiFIR Obligations on Market Data
EFAMA welcomes this ESMA initiative and we agree with the conclusions in the ESMA Report that there is an overall need to strengthen the laws applicable to data in connection with the MiFIDII/MiFIR Review, aside the implementation of a Consolidated Tape . We consider that the draft Guidelines will further strengthen the MiFID level 1 and level 2 measures and will foster the establishment of a cost-based approach for market data procurement. Therefore, we would be in favour of turning the proposed guidelines into binding regulation.
Related news
Press Release
Competitiveness
Data
Sustainable Finance
EU Taxonomy
Sustainability-related Disclosures (SFDR)
Sustainability reporting (NFRD)
18 December 2020
Asset Managers support call for regulation of ESG data, research and ratings
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EFAMA, the voice of the European investment management industry, joins the French and Dutch financial market authorities call for a European regulation of ESG data, research and ratings.
European asset managers are observing a double-digit growth in the demand for ESG investments, and clients are increasingly sophisticated in their preferences*.
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Press Release
Capital Markets
Capital Markets Union
Data
03 November 2020
An appropriately constructed Consolidated Tape could help to build deeper and more open capital markets in Europe
EFAMA and EFSA welcome the publication of a Market Structure Partners Study on the Creation of an EU Consolidated Tape which addresses the challenges, demand, benefits and proposed architecture for consolidating European financial market data.
Press Release
Competitiveness
Data
EU Fund regulation
Money Market Funds
08 October 2020
European Money Market Funds navigated the Covid 19 crisis successfully
The European Fund and Asset Management Association (EFAMA) has published its second Market Insights highlighting the major trends shaping the European Money Market Fund (MMF) landscape since the entry into force of the Money Market Fund Regulation (MMFR).
Related publications
Publication
Data
EU Fund regulation
04 October 2011
Fund Fees in Europe: TER Report
A report commissioned by the European Fund and Asset Management Association published on 4 October 2011 aims to give investors greater transparency and understanding of cost breakdown within the Total Expense Ratio ("TER") of European mutual funds.
Contact
Deputy Director, Capital Markets and Digital
