Events listed in [AFME] Association for Financial Markets in Europe
Integration, Sustainability and Competitiveness: Reflections and recommendations ...
ID 26333
AFME published a report issuing reflections and recommendations for banking and capital markets policy in anticipation of the next EU legislative cycle. Highlighting challenges arising from strained public finances, demographic shifts, and a significant need for annual investments, the report underscores the critical importance of fostering open, deep, and integrated capital markets to support EU corporates and citizens. The recommendations put forth by AFME ...
AFME responds to ESMA consultation on shortening settlement cycles in the EU
ID 26305
AFME has provided a response to ESMA’s CfE on the potential shortening of settlement cycles in the EU (please see EventID#23184). AFME expresses its support for moving to a T+1 settlement cycle but underscores the complexity and demands associated with such a transition. AFME emphasizes the need for careful consideration of feedback before deciding on the next steps. AFME outlines key points in its ...
AFME welcomes the UK PRA’s publication of elements of Basel 3.1 standards ...
ID 26211
AFME has expressed its approval of the UK PRA release of key components of the Basel 3.1 standards, marking a significant step in implementing post-financial crisis reforms (eventid=24391). These standards, originally agreed upon in December 2017, are crucial for maintaining the UK’s status as a leading international financial center. AFME emphasized the importance of aligning with international standards, considering the role of the UK ...
AFME welcomes political agreement on EU implementation of final Basel III standards
ID 26105
AFME has welcomed the political agreement reached by the EP and the European Council on the implementation of the final Basel III standards in the EU. This agreement, encompassing the CRR3 and CRD6 proposal, signifies the completion of a rigorous regulatory program aimed at enhancing standards and constraints for credit institutions. AFME emphasizes the positive impact on strengthening banks‘ resilience and recognizes their vital ...
AFME report highlights room for improvement in EU sustainable finance regulation
ID 25842
AFME has recently published a comprehensive report titled “Sustainable Finance in the EU: Priorities to unlock financing and investment.“ This report sheds light on the existing challenges within the EU’s sustainable finance framework and proposes key recommendations to enhance its efficacy. The report starts by acknowledging the progress made in establishing the EU sustainable finance regulatory framework. However, it emphasizes that despite the application ...
AFME calls for EU Open Finance proposal to be fit for purpose
ID 25623
AFME has responded to the EC’s consultation on the EU Open Finance legislative proposal (eventid=21815). AFME expresses support for the EU’s goal of establishing a consumer-centric data-sharing ecosystem but underscores the necessity for key changes in the framework to fully realize its benefits. Emphasizing the centrality of trust, AFME calls for a secure data-sharing infrastructure and stringent safeguards, particularly for the newly proposed category ...
Improving the Settlement Efficiency Landscape in Europe
ID 25581
AFME and Deloitte released a report titled „Improving the Settlement Efficiency Landscape in Europe“. The report examines the causes of settlement fails in the EU securities market and provides recommendations to enhance the efficiency of post-trade processes. The lack of high-quality, granular, public data on settlement fail rates and reasons in Europe has been identified as a barrier to assessing the current environment. To ...
AFME welcomes ESMA Call for Evidence on shortening settlement cycles
ID 25230
AFME welcomes the CfE by ESMA regarding the shortening of settlement cycles in the EU (eventid=23184). To recall, ESMA is considering shortening the securities settlement cycle in the EU from T+2 to T+1 and is soliciting feedback from stakeholders to assess the costs and benefits of this change. The consultation also covers the scope of regulated financial instruments and potential impacts on **trading and ...
ESG Data for Financial Services in an Operational Environment
ID 25217
AFME and Protiviti published their report “ESG Data for Financial Services in an Operational Environment“, delving into the operational implications of ESG regulatory reporting requirements in the financial services sector. The report emphasizes that as sustainability and responsible investing gain prominence, there is a growing demand for accurate, comprehensive, quantitative, and reliable ESG data. It highlights that ESG reporting is **no longer a qualitative, . ...
Artificial Intelligence: Challenges and Opportunities for Compliance
ID 25061
AFME and PwC jointly published a report titled „Artificial Intelligence: Challenges and Opportunities for Compliance“, examining the impact of AI on compliance within the financial industry. It highlights two primary challenges faced by compliance officers in the context of AI adoption. Firstly, compliance officers need to gain a thorough understanding of how AI is utilized in the Front Office of financial organizations. This understanding ...