The report, constructed in collaboration with eleven other European and international organisations, tracks Europe’s capital markets’ progress across nine key performance indicators
The Association for Financial Markets in Europe has shared its response to the European Commission’s consultation on the FiDA proposal, which seeks to open up access to financial data
While the introduction of cash penalties under the Central Securities Depositories Regulation has reduced settlement fails somewhat, particularly for equities, the report affirms that inefficiencies remain, prompting higher costs and increased risk
AFME has outlined member concerns around the EU Retail Investment Strategy proposals, responding to the EU Commission’s ‘Have your say’ consultation on the matter
According to the Association for Financial Markets in Europe, “this year’s stress test showed that the steps that both banks and supervisors had taken to strengthen the resilience of the EU banking sector had paid off"
In a statement commenting on both proposals, James Kemp, managing director at the AFME, says: “FIDA and PSD3 could enable access to new, broader data sets to enhance the way banks operate and will encourage innovation across sectors