Mission & Governance



ECMI was established as an independent non-profit organisation in 1993, in a collaborative effort by the European Federation of Financial Analysts Societies (EFFAS), the Federation of European Securities Exchanges (FESE) and the International Capital Market Association (ICMA). Since 2005, ECMI has been managed and staffed by CEPS, a highly reputed, independent think tank in Brussels.

ECMI Statute About CEPS



Informing policy on European capital markets

ECMI conducts independent research and informs debate and policymaking on a broad range of issues relevant to capital markets. Through its various activities, ECMI facilitates interaction among market participants, policymakers and academics.



The Annual General Meeting of Members is usually organised in October/November on the eve of the Annual Conference. Board Meetings are organised twice each year, usually in February/March and June/July, respectively. The board is very well diversified, composed of highly reputed individuals in their field of expertise. The board members provide the strategic direction of the organisation, supervise the work of the management team and the financial performance of the institute. The research staff works on the basis of an independent agenda; they are assisted by the academic scientific committee. 

ECMI Board Academic Committee



Through its commentaries and policy briefs, ECMI analyses the latest regulatory developments and puts forward proposals and recommendations to help shape the regulatory and policy debate. ECMI also produces detailed research reports on key policy issues and market developments. As well as conducting in-house research, ECMI responds to calls for proposals from external entities and hosts contributions from high profile researchers and young academics based on its call for papers.

ECMI regularly organises workshops, seminars and task forces on a variety of issues facing European capital markets. Participation in ECMI events offers multiple networking opportunities. The Annual Conference is a unique event in Brussels, bringing together over 30 high level speakers and more than 300 participants.

Research areas: financial integration and stability, capital markets efficiency and integrity, trading and post-trading market infrastructures, corporate financing, retail and institutional investment, asset management, fintech.

Legislative dossiers: CMU, MiFID 2/MiFIR, MAR, EMIR, CSDR, UCITS, AIFMD, PRIIPS etc

All activities reports



The ECMI's funding comes from a variety of sources, including corporate and institutional membership fees, externally commissioned research, conference fees and publications sales.

Transparency Register no: 63505977233-67