European Association of Co-operative Banks’ Post

The International Financial Services Centres Authority IFSCA Official has issued key clarifications on investment restrictions for retail schemes operating in IFSCs under the Fund Management Regulations, 2022. These updates, aligned with the Union Budget 2024-25 announcements, aim to attract global investors and foster innovation in the fund management ecosystem. Key highlights include relaxed ceilings on unlisted securities investments for open- and close-ended schemes, enhanced transparency requirements for fund-of-funds structures, and provisions to ensure retail investor protection. These steps are designed to liberalize regulations, promote competition, and position GIFT City as a leading global financial hub for fund management. #IFSCA #GIFTIFSC #RetailSchemes #FundManagement #InvestmentInnovation #GlobalInvestors #EaseOfDoingBusiness #Transparency #IFSCRegulations #IndianEconomy #FinanceTransformation #InvestorProtection #GIFTIFSCLeadership #CapitalMarkets #UnionBudget2024

A new report from EFAMA, Federation of European Securities Exchanges, European Banking Federation and Oliver Wyman outlines an ambitious roadmap to improve the competitiveness of capital markets in Europe through a combination of retail investment, financial incentives, tax breaks and education. "Now is the time for decisive action," says Tanguy van de WERVE of EFAMA. #markets #trading #liquidity #CMU #capitalmarkets #europe #marketstructure

Today EFAMA have published a joint statement aimed at co-legislators to reassess the Retail Investment Strategy (RIS), focusing on the competitiveness of the regime and its initial goal of increasing retail participation within the EU. The Finance Sector urges EU Policymakers to focus on 3 key areas during the upcoming trilogue negotiations in January 2025: ➡️ Simplification for firms and retail investors. ➡️ Streamlined sales processes for retail investors. ➡️ Reduction of information overload. EFAMA's full statement can be accessed here: https://lnkd.in/ecyh-25x #EPlenary #HU24EU #assetmanagementinsight #PRIIPs #RegulatoryReporting #europeaninvestment

🚀 The Future of the Capital Markets Union (CMU) and the Savings and Investment Union (SIU) 🚀 The European Association of Cooperative Banks (EACB) is actively engaging in discussions about the evolution of Europe’s capital markets. Since its launch in 2016, the Capital Markets Union (CMU) has been a critical part of the EU’s strategy to enhance cross-border capital flows, but progress has been slow compared to other global markets. As Europe’s financial markets need a boost, the EACB welcomes the idea of a comprehensive Savings and Investment Union (SIU) that can attract investment, empower citizens, and support local economies. Here are the EACB key recommendations for shaping stronger, more liquid EU financial markets: 🔹 Focus on investor demand side 🔹 Optimizing existing tools like the European Long-Term Investment Fund (ELTIF) 🔹 Promoting financial education to boost market participation and financial inclusion 🔹 Simplifying the regulatory framework – less is more 🔹 Balancing investor protection with a focus on simplicity 🔹 Aligning initiatives to complement bank financing for local economies 🔹 Improving the securitization framework and exploring new instruments like the European Secured Note (ESN) 🔹 Boosting equity finance 🔹 Tackling tax-related barriers 🔹 Enhancing access to long-term investment instruments 🔹 Leveraging EU guarantees to support European financing Read our full position paper to learn more about our recommendations and how we can collectively build a stronger financial future for Europe. 🔗 https://lnkd.in/exXmgeYh #CapitalMarketsUnion #SavingsAndInvestmentUnion #FinancialInclusion #EACB #FinancialMarkets #coopbanks #EconomicGrowth

I'm proud to share our EACB paper on the Future of the Capital Markets Union under the Savings and Investments Union, developed by the EACB Financial Markets WG. It's clear that cooperative banks play a key role for the future of Europe’s financial markets. With their strong, trusted relationships with clients, cooperative banks are in a unique position to support EU citizens in actively participating in our capital markets, and shaping a stronger "Savings and Investment Union" and make Europe’s financial markets more resilient and competitive globally. This paper represents a step forward in that journey—thanks to everyone who contributed! #SavingsandInvestmentsUnion #CapitalMarketsUnion #EU #cooperativebanks #EACB #financialmarkets

A new report from EFAMA, Federation of European Securities Exchanges, European Banking Federation and Oliver Wyman outlines an ambitious roadmap to improve the competitiveness of capital markets in Europe through a combination of retail investment, financial incentives, tax breaks and education. "Now is the time for decisive action," says Tanguy van de WERVE of EFAMA. #markets #trading #liquidity #CMU #capitalmarkets #europe #marketstructure

Great opportunity to discuss sustainability reporting with the banking advisory panel, and accros panels with members of the insurance and capital markets advisory panels. With the end goal to achieve sector standards that result in userful information, that are truly sector specific, and leverage the existing ESRS and build on emerging best practice. #EFRAG, #ESG, #ESRS #Banking

AMICE Signs Joint Industry Statement On The EU Retail Investment Strategy. Representatives of the European financial and insurance sector (AMICE, BIPAR, the Conference of EU Bancassureurs (CEB), European Association of Co-operative Banks, European Association of Public Banks (EAPB), European Banking Federation, EFAMA, WSBI-ESBG, EUSIPA - European Structured Investment Products Association, and Insurance Europe) today issued a Joint Industry Statement on the European Commission's #RetailInvestmentStrategy (RIS). The signatories welcome the new European Commission’s objectives to boost the EU’s competitiveness, but caution that overly complex rules and red-tape risk undermining the impact of the Retail Investment Strategy. They argue that the current draft proposals contradict the EU’s commitment to reduce regulatory burden and will hold back the broader goal of increasing European competitiveness. The statement, published today, calls for the simplification of rules for firms and retail investors, streamlined sales processes and a reduction of information overload. Read the full statement: https://lnkd.in/eVqsqExX 

⬇ FECMA statement on late payment EU regulation proposal ⬇ FECMA is following closely the legislative initiatives and changes which shape the fair payment culture. The regular Council meetings bring together representatives from the different member organisations. It allows to exchange information and experience from different payment cultures. FECMA highlights that the most important thing is to enforce the agreed payment deadlines, and thus make the cash flow predictable for the businesses. It is clear that FECMA welcomes all initiatives to combat late payments – which is in fact in line with our vision & mission. In that context it also became clear that a unified approach may be very attractive, but considering the diversity of businesses which shape the specific payment patterns a ‘one size fits all’ approach may not always be the best solution over all industries and countries. ⏩ please check FECMA full position paper here: https://lnkd.in/etxANSKS #creditmanagement #europe #creditrisk #tradecredit #fecma #ordertocash #riskmanagement #paymentculture #webinarfecma

🛡️ ESMA and EIOPA challenge policymakers to deliver a streamlined, consumer-focused Retail Investment Strategy (RIS). 📢 As the RIS negotiations advance, ESMA and EIOPA have issued a clear call to action, urging the European Commission, Parliament, and Council to ensure that RIS truly serves European retail investors and strengthens cross-border capital markets. Here’s where the focus lies: 1️⃣ A Pan-European Long-Term Savings Product ESMA and EIOPA advocate for the creation of a cross-border investment and pension product, addressing a gap in the current framework to mobilise retail capital efficiently. 2️⃣ Online Comparison Tool They support the Parliament's push for an unbiased tool that empowers investors by providing clear, comparable information on costs, guarantees, and performance across investment products. 3️⃣ Value for Money Backing the Commission's vision, they emphasise the need for transparent European benchmarks while cautioning against Parliament's proposal to introduce national benchmarks or a non-public database, which risks adding complexity and diluting impact. 4️⃣ Cross-Border Business Concerns There are strong warnings about the Council's amendments potentially creating additional hurdles for cross-border collaboration, undermining the Capital Markets Union. 5️⃣ Resource Implications Highlighting the strain on resources, they urge policymakers to properly assess the administrative and supervisory costs linked to the RIS amendments, ensuring they are realistic and manageable. 💼 Should you need assistance with these regulatory topics or other compliance requirements, feel free to reach out. #assetmanagement #RIS #ESMA #EFAMA #FundIndustry #PRIIPS Benjamin Collette I Bastien Collette I Alice Lehnert, CAMS I Florence Buron I Farah El Messiri I Khadija Bartali Ghazzale I Palana I Avanterra