Activities Report 2014

The European Capital Markets Institute's work got a renewed importance with Commission's ambition to create a Capital Markets Union. Although the initiative is awaiting a clear definition, it covers many subjects ECMI has been following closely, such as the appropriate level of market regulation, the structure of securities market supervision, the efficiency of the market infrastructures, the creation of EU-wide investment pools. ECMI is proud that it can rely on years of research and networking on the subject to be at the centre of the debate. The past year, of which this report is a testimony, can stand as a reference for what can be done. Our ambition for 2015 is to examine the functioning of the new regulatory framework closely, as well for market operators and infrastructures, in view of the Union the EU aims to create.

We would like to thank all the members of ECMI for their continued support. They allow ECMI to be a unique platform of market participants, associations, academics and regulators to discuss issues of common concern affecting capital markets in Europe.

Karel Lannoo, CEO of CEPS and General Manager of ECMI