Past Events
In the context of the capital markets union plan, the European Commission proposed an initiative to re-launch securitisation, with harmonised rules across the EU for a subset of standardised offerings, and with CRR amendments to adjust capital charges to provide for a more risk-sensitive treatment for such instruments.
Afer the successful launch in Brussels (3 February) and London (21 April, in cooperation with Imperial College London), the final report of the European Capital Markets Expert Group (ECMEG), titled 'Europe's untapped capital market: rethinking integration after the great financial crisis' will now be presented in Paris, Milan and Madrid. Please follow the links below for more information and registration.
Building on the success of our inaugural scene-setting Capital Markets Union Summit last May, this event is the first in a series of ECMU implementation events which we plan to hold every six months over the next two years, with the programme in each case focusing on those initiatives that are current at that point (e.g. on recently launched consultation or discussion papers and legislative proposals).
The European asset management industry has witnessed a solid growth in recent years, reaching an estimated €19 trillion in assets under management (AuM) at the end of 2014, divided almost equally between discretionary mandates (largely serving institutional investors) and investment funds.
After a year-long exercise with a wide group of stakeholders, including academics, policy-makers and industry experts, CEPS and ECMI will launch the final report of the European Capital Markets Expert Group (ECMEG): Europe's Untapped Capital Market: Rethinking Integration After the Great Financial Crisis.
Neither the CSFI (a London-based think-tank) nor CEPS has an institutional position for or against Brexit – although the CSFI did publish a survey of City opinion in 2015, which found that 73% of respondents would either 'definitely' or 'probably' vote for the UK to remain part of the EU in the event of a referendum. (That said, virtually no one who was surveyed had anything good to say about the EU: it was simply a question of preferring the devil you know to the devil you don’t know).
The event started with a presentation of the main findings of the recently published PwC’s Global financial markets liquidity study, which reviewed liquidity trends and prospects across a broad range of asset classes and international markets. This was followed by a panel discussion and Q&A session. Please find below details about the event.