Events listed in [AFME] Association for Financial Markets in Europe
Joint trade associations urge policy makers not to concede to suboptimal outcomes ...
ID 23837
In a joint press release, AFME, EFAMA and BVI are urging policy makers not to compromise on the MiFID/R, as it may result in suboptimal outcomes. They are emphasizing the need for an evidence-based and ambitious approach, even if it means more time is required for negotiations. MiFID/R is crucial for the development of a CMU that benefits investors and issuers, as well as ...
A Common Path to Improve European Climate Risk Stress Testing and Scenarios Analysis
ID 23828
The report entitled “A Common Path to Improve European Climate Risk Stress Testing and Scenarios Analysis“ was published by AFME and Oliver Wyman. The report addresses the challenges faced by EU banks in climate risk stress testing and provides recommendations for improvement. According to the report, EU banks have made significant progress in enhancing their understanding and analysis of climate risks since the last ...
AFME welcomes the Sustainable Finance package recently published by the European ...
ID 23785
AFME has shown its support for the Sustainable Finance package recently released by the EC. The package comprises various key elements aimed at promoting sustainable finance. Here is a summary of those elements: – Regulation of ESG ratings providers: The proposal seeks to improve the credibility, transparency, responsibility, governance, and independence of ESG rating activities. It establishes conditions for offering ESG ratings in the ...
Article 5 Issues Report: Due-diligence requirements for institutional investors ...
ID 23712
AFME published a report highlighting the challenges faced by investors in complying with the due-diligence requirements under Article 5 of the SECR in the EU and UK. The report emphasizes that these requirements are limiting the growth of the ABS investor base. According to the report, investors tend to interpret the ambiguous provisions of Article 5 conservatively, resulting in disproportionately high costs for businesses. ...
US and Asia securitisation markets contribute far more to financing their economies ...
ID 23579
AFME has released data showing that the securitization market in Europe, including the EU and UK, is significantly lagging behind other global regions in terms of its contribution to economic financing. Indeed, over a 15-year period up to 2022, securitization issuance in the EU+UK experienced limited growth, with EU issuance equal to **0.3% of EU GDP and UK issuance equal to 0.9% of UK ...
AFME responds to Commission Retail Investment Strategy
ID 23370
Jacqueline Mills, the Managing Director of Advocacy at AFME, responded to the EC’s Retail Investment Strategy (Please see EventID 21279 and EventID 21284 in this context), expressing support for policies that benefit both retail investors and the broader wholesale capital markets. AFME emphasizes the importance of carefully considering policy proposals to ensure they **support retail investors and maintain the EU’s competitiveness with other global ...
AFME CEO warns on Europe’s financial integration slow-down: “we cannot afford for ...
ID 23358
In a press release, the CEO of AFME, Adam Farkas, expressed concern about the slow progress of financial integration in Europe. Farkas highlighted that the fragmentation of the EU banking system and the incomplete Banking Union have hindered the ability of European banks to compete globally. Additionally, international banks operating in the EU face complexities and increased costs due to operating across multiple jurisdictions. ...
Banks call for regulators to take a more innovative approach to DLT
ID 23296
AFME, as a part of GFMA, BCG, Clifford Chance, and Cravath, Swaine & Moore LLP, have released a report calling for regulators to adopt a more innovative approach to DLT in capital markets. The report, titled “The Impact of Distributed Ledger Technology in Global Capital Markets,“ evaluates the potential benefits and risks of DLT and DLT-based securities in capital markets. The report highlights the ...
AFME welcomes EU-UK Draft Memorandum of Understanding
ID 23286
Adam Farkas, the Chief Executive of AFME, expressed strong support for the EC’s adoption of a draft MoU between the EU and UK (eventid=21246). The draft MoU aims to establish a framework for structured regulatory cooperation between the two entities. Farkas emphasized that the MoU should establish a joint EU-UK Financial Regulatory Forum, which would facilitate cooperation on regulatory initiatives and priorities. He highlighted ...
AFME welcomes FCA proposals to improve UK listings
ID 23082
The AFME has welcomed the FCA proposed rule changes to improve the UK framework for the listing of commercial companies‘ equity shares (see eventid=21064). The single listing segment, which is a disclosure-based approach to financial information, has been welcomed by AFME as it replaces prescriptive rules that require a three-year revenue track record. The change will provide **more flexibility for companies to tailor their ...