Task Force on Asset Allocation in Europe

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BACKGROUND

Many factors – changing economic/financial conditions, evolving demographics, market fragmentation risks, regulatory and technological developments, and new political priorities – will impact asset allocation in the coming years. From a policy perspective, the capacity of CMU to contribute to the resilience of our societies should certainly be given more thoughtful consideration once the current health crisis subsides.

MAIN OBJECTIVE

The purpose of this Task Force was to explore meaningful ways of activating long-term savings and investment channels across the EU, with a focus on households, asset/fund managers, insurers and pension funds, under the overarching theme of sustainability in the real economy.

ORGANISATION

Chairman:           Jean-Pierre Pinatton, Member of the Supervisory Board, ODDO BHF

Rapporteur:         Cosmina Amariei, Researcher, ECMI and CEPS (Financial Markets and Institutions)

A set of sound and clear principles has guided the entire proceedings in order to preserve an impartial approach to divergent opinions. This Task Force was stuctured around dedicated meetings (panel debates, roundtable discussions, presentations, workshop). Interim reports were published after each meeting and targeted bilateral consultations/reviews and in-depth research were conducted in parallel. In addition, a series of debates on sustainable finance was organised separately from the main Task Force.

This Task Force was supported by an independent research agenda. The Chairman steered the dialogue among the various stakeholders in a constructive manner and approved the publication of the Final Report. The content of the report should be attributed solely to the Rapporteur. The external experts participated in their personal capacity and may not necessarily endorse the report in its entirety or subscribe to the full list of recommendations and/or overall conclusions.

GUIDELINES

TIMELINE 


RELEASE OF THE FINAL REPORT - April 2020

EXECUTIVE SUMMARY FULL REPORT IN BRIEF


FINAL REVIEW by CHAIRMAN -  November 2019 to March 2020


CONSULTATION with TASKFORCE  - June to October 2019


SUSTAINABLE FINANCE SERIES - March to November 2019

           OVERVIEW


MEETING 4 - 31 October 2018

FOCUS: Workshop on policy and market implications

AGENDA


MEETING 3 - 20 March 2018                                        

FOCUS: 5) retail investors; 6) sustainable finance

Agenda 3rd Interim Report Presentations


MEETING 2 -  24 October 2017    

FOCUS: 3) insurance companies; 4) pension funds

Agenda 2nd Interim Report Presentations


MEETING 1 - 14 June 2017

FOCUS: 1) short vs long term investment; 2) asset managers

Agenda 1st Interim Report Presentations


PARTICIPATION 

The participation was limited to the members of the experts group and broader task force, academic/policy/industry observers, guest-speakers and contributors.

CONTACT US

Please do not hesitate to contact Cosmina Amariei by email at: cosmina.amariei@ceps.eu or by phone on +32 222 93 955.