Final Report of the European Investors' Working Group
The financial crisis has had a severe impact on European financial markets. Institutional and retail investors have suffered losses and, most notably, a diffused loss of confidence in the efficient functioning of the market. In its attempt to set out steps to restore investor confidence in European capital markets, the European Investors’ Working Group, organised by ECMI in partnership with the CFA Institute Centre for Financial Market Integrity, has recently launched its final report in Brussels with the European institutions. The Group is an independent non-political investor group composed of members from the retail and institutional investment industry community. The final report provides a framework of 46 recommendations for the EU regulatory and supervisory agenda from the investor’s perspective, guided by the six objectives of: investor protection; better transparency; market integrity; market efficiency, quality of supervision and competitiveness of EU markets.
To download the report, please follow this link.
ECMI Releases 2009 Statistical Package
The 2009 Statistical Package offers users the most up to date information on the state of European capital markets in the aftermath of the financial crisis. As with last year’s package, contents are divided in four sections: equity markets, debt securities markets, exchange-traded derivatives markets and over-the-counter derivatives markets. Internal links as well as a complete table of contents facilitate the internal navigation of the document; and the most important datasets are represented in charts in order to demonstrate trends visually.
Comparing EU and US Responses to the Financial Crisis
Since 2003, the EU and the US have conducted a vibrant regulatory dialogue on financial regulation, but domestic priorities seem to have taken precedence in response to the financial crisis. This ECMI Policy Brief compares the institutional and regulatory changes occurring on both sides of the Atlantic. On the institutional side, it compares macro- and micro-prudential reforms. On the regulatory side, it compares four key areas: bank capital requirements, reform of the OTC derivative markets, and the regulation of credit ratings agencies and hedge funds.
