CMU features an extreme heterogeneity of i) market players (issuers, intermediaries, infrastructures, service providers) and ii) products, and a ‘variable geometry’ of their Euro
Despite recent advances made in eliminating fragmentation and standardising fees and performance across the European market for retail investment products, these have produced li
Asset managers face new regulatory and supervisory pressures, which may fundamentally affect their business models.
Possibly facilitated by the perspective of Brexit, the European Commission has proposed, for the first time, a truly proportional regime in its new prudential framework for inves
Growing demand in recent years for low-cost, easily tradeable, liquid and transparent investment products, resulted in the global expansion of the Exchange-Traded Fund (ETF) indu
Spotify’s listing, with an estimated market valuation of about $29 billion (€23.6 billion), is one of the largest market listings to have been launched this year.
The fight over City business has reached dramatic proportions in a very arcane domain, derivatives clearing.
The CMU Action Plan has identified the right areas for further harmonisation at EU level but also much needed work by member states and their NCAs.
Following a long, regulatory post-crisis process aiming at restoring confidence and formulating a Single Rulebook, the Commission has, with the ESA review, triggered further supe
Of all the issues addressed by MiFID II in the EU’s securities markets, its impact will be most pronounced in the portfolio management business.
Bank lending is the most common source of external finance for SMEs, but it doesn’t suit all of them.
Discussions are now starting in earnest in the Council and Parliament on a proposal for a Pan-European Pension Product (PEPP), which fills an important gap in the EU regulatory m
