European Forum of Securities Associations

https://lnkd.in/e45rhcTu

Yesterday, Professors Blanche Sousi and Anne Rouaud and Elisabeth Delahousse were honoured to present the Less is more report to MEPS Stéphanie Yon-Courtin and Markus Ferber, MdEP Ferber, at the European Parliament.   This report is the fruit of more than two years' reflection by an ad hoc group of experts from numerous EU Member States (law professors, lawyers and bank lawyers). It contains a range of proposals to simplify and improve European rule-making in the financial services sector. It is not about derugulation.   The report is forworded by Jacques de Larosière and has the support of all the European banking associations (European Association of Co-operative Banks , European Banking Federation, EUROPEAN SAVINGS AND RETAIL BANKING GROUP, EBIC, European Forum of Securities Associations and the European Society for Banking and Financial Law (ESBLF/AEDBF Europe). Many thanks to all the contributors and those who supported the Less is more project, as Nina Schindler,Wim Mijs,Peter Simon    A high-level conference will be held in Brussels on 30 April at the European Parliament.   We are happy to contribute to current thinking on the need for simplification, competitiveness and Better regulation in Europe. https://lnkd.in/eagzpHMb #Simplification #BetterRegulation #LessIsMore #Competitiveness

📢 Remise du rapport "Less is More" : pour une simplification efficace de la législation financière européenne 📑🇪🇺 J’ai eu le plaisir de recevoir avec mon collègue Markus Ferber, MdEP le rapport "Less is More", rédigé par des professeurs et préfacé par Jacques de Larosière. Ce rapport, qui sera bientôt présenté lors d’une conférence au Parlement européen, met en lumière un enjeu essentiel : simplifier la législation financière pour mieux s’adapter aux réalités du marché. Merci aux auteurs de ce rapport pour leur travail. Blanche Sousi Elisabeth Delahousse Anne-Claire Rouaud

There's No Market in Market Data: Virtual Event Tuesday, Mar 4, 2025 11:00 AM – 12:30 PM GMT+1 Registrations are here: https://lnkd.in/exmYyTbt

EFSA comments on the draft technical Advice to the European Commission on the amendments to the research provisions in the MiFID II Delegated Directive in the context of the Listing Act, ESMA35-335435667-5979, 28 October 2024 https://efsa-securities.eu (EFSA Website) https://lnkd.in/e756rZza (Document download)

EFSA, the forum of European Securities Associations for information sharing and fostering mutual understanding hosted its first public event in Brussels today in order to contribute to the political debate on the importance of capital markets for private savings and investment as well as for the financing of the real economy and the significant future finanancing needs of the EU. EFSA thanks Christian Noyer, former Head of Banque de France for an excellent keynote as well as Annemie Rombouts, Deputy Chair of the Belgian FSMA, Irene Tinalgi, Member of the European Parliament, Jan Ceyssens, Head of the „Capital Markets Union“ Unit at the European Commission, Stéphane Giordano, Chairman of AMAFI, Grzegorz Zawada, Head of Investment Banking Devision in PKO BP for a very vivid and thought provoking panel discussion and not to forget Stéphanie Hubert of AMAFI and Urban Funered of SSMA for moderating the event.

24 October 2024 The European Forum of Securities Associations (EFSA) points out the key messages regarding the Retail Investment Strategy (RIS) for the Trilogue negotiations

EFSA is a forum of European Securities Associations for information sharing and fostering mutual understanding. EFSA itself is not a legal entity but a self-organising working-group. As such, it also helps to deliver joint messages on policy issues in European securities markets to policy makers, regulators, industry representatives and the interested public who we hope might benefit from such a coordinated approach. EFSA complements the existing activities of its member-associations.

October 16, 2024 EFSA comments on the ESMA Consultation Paper Technical "Standards specifying the criteria for establishing and assessing the effectiveness of investment firms’ order execution policies". 

October 9, 2024 EFSA members, together with AFME, EFAMA and the Nordic Securities Associations, have published a statement on the planned changes to cost-based market data as part of the MiFiR review on 'Reasonable Commercial Basis' (RCB). "How to ensure that market data is available on a truly cost-based approach and thus complies with the new MiFIDIII/MiFIR2?"