European Capital Markets Institute

CEPS-ECMI Release: Task Force Report on Asset Allocation in Europe

Brussels, 24 April 2020. In the current institutional cycle, the Capital Markets Union (CMU) remains as relevant as ever. However, it needs rethinking at EU level and real commitment from member states. The capacity of capital markets to enhance the resilience of our societies as a whole, especially when confronted with unprecedented shocks such as COVID-19, should be carefully re-examined.

European households need a more balanced, diversified and lifecycle adjusted asset allocation. This requires access to suitable products, affordable/unbiased investment advice and open distribution channels. Investors will also have to adapt to the lower-for-longer rate environment, with fewer options to generate consistent returns. Asset managers and institutional investors have a duty to act in the best interest of their clients, and therefore should be equipped to seize the opportunities and tackle the risks arising from ESG factors. Transparency, proportionality, aligned incentives, and ultimately performance are crucial for mainstreaming sustainability, while contributing to economic recovery.

This Task Force Report features detailed analytical sections on retail investors, asset/fund managers, insurers, pension funds and sustainable finance accompanied by relevant policy and market recommendations.

Social bonds in response to the COVID-19 crisis: when financial markets save lives

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Commentaries

20.05.2020

A highly contagious respiratory virus is endangering humanity and our established order. Funding must be rapidly mobilised from all sources in the fight against COVID-19 an

Asset Allocation in Europe: Reality vs. Expectations

Published in:

Research Reports

24.04.2020

SME market financing: Is there more to it?

Published in:

Event Reports

16.04.2020

Small and medium-sized enterprises (SMEs) – in particular those that are young, innovative and have risky projects – face minimal financing opportunities.

Will COVID-19 reduce the resistance to Eurobonds?

Published in:

Event Reports

09.04.2020

With the spread of COVID-19 across Europe, governments and central banks are mobilising resources to avoid a deep recession, growing unemployment and corporate failures.

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ECMI ANNUAL CONFERENCE 2020

The ECMI Annual Conference is a high-level event that each year brings together policymakers, industry representatives and academics to exchange views on recent developments in European Capital Markets and EU policies related to finance, analyze their implications and explore possible ways forward.

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THIS CONFERENCE HAS BEEN POSTPONED UNTIL FURTHER NOTICE.

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