Events
Past Events
The European Capital Markets Institute (ECMI) is calling for a submission of research papers in the areas of sustainable finance, innovative financing and capital markets development. A committee of academics and international experts will select the best paper and award the author a €5,000 prize and the opportunity to present his or her findings at the 2018 ECMI Annual Conference in Brussels on 10 October 2018.
The conference will first explore the interplay between data privacy rights and financial innovation. It will then discuss the potential benefits, risks and challenges for robo-advisors and the capacity to progress from niche markets to the mainstream. The debate will finally explore how policy-makers could further help financial firms better protect critical data against increasingly complex cyber-attacks.
International Financial Reporting Standards (IFRS) 9, issued by the International Accounting Standards Board (IASB) on 24 July 2014 and came into effect on 3 January 2018, addresses multiple aspects of accounting for financial instruments, namely classification and measurement, impairment of financial assets and general hedge accounting. The objective is to establish common and harmonised principles for the reporting of financial assets and financial liabilities.
All investment firms are currently subject to the prudential requirements designed for banks. The European Commission’s proposal for a prudential framework devoted exclusively to investment firms will alter this regime. While the systemically important investment firms remain under the same prudential rules applicable to banks, smaller investment firms will be subject to less stringent requirements. The overarching objectives of the prudential framework are to ensure that the firms have sufficient funds to remain financially viable and avoid contagion to customers and the wider economy.
The Federation of European Securities Exchanges (FESE) is delighted to announce the launch of the FESE de la Vega Prize 2018. The Prize will award an outstanding research paper related to the securities markets in Europe. Papers about current developments in European securities markets are particularly welcome. The paper may refer to any of the following topics:
MiFID II (came into effect on 3 January 2018) is set to disrupt the production and distribution of investment research, impact execution services and ultimately the costs for investment firms and end-investors. Brokers have to establish a price for investment research separately from execution services. Asset management firms need to develop research budgets for all asset classes, and either pass the costs of research on to clients or absorb the costs themselves. Nonetheless, this will lead to new opportunities for investors to better compare price and quality across products and service levels.