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Market Structure


Strengthening and Safeguarding the UK Crypto Market

Explore insights on UK crypto regulation, market structure, investor protections, and CFA Institute’s policy recommendations for a safer digital future.

European Union Revisits Securitization Rules to Bolster Capital Markets

EU reforms aim to revive securitization markets—explore how regulatory changes could unlock capital and reshape Europe’s financial system.

Unlocking Retail Capital: EU Reform Agenda Comes into Focus at CFA Institute Event

Europe’s capital markets are at a critical inflection point. With more than €11 trillion in household savings largely parked in low-yield, liquid assets, the European Union is pushing to redirect this capital toward more productive, capital market… READ MORE ›

Decoding the HKEX IPO Consultation: Our Key Takeaways

CFA Institute and CFA Society Hong Kong respond to HKEX’s IPO reform proposals, highlighting key risks and opportunities for market transparency and fairness.

Border-Free Savings, Stakeholder Capitalism, and Supervisory Convergence: Key Issues and Updates from the EU

"Lets Talk EU" added three new episodes, focusing on the Pan-European Personal Pension Product (PEPP) regulation that took effect in January. These podcasts examine what the EU could learn from the German stakeholder capitalism model as well as the key challenge that the European Commission needs to solve: supervisory convergence.

Money in COVID Times: A perfect storm forming for central banks?

“Money in COVID Times” is an analysis of how the role of central banks in the market and the economy has changed since 2008. From this perspective, the COVID-19 situation has only exacerbated the transformation of central banks into entities that act as lender and market maker of last resort, every time markets experience a level of stress that could reverberate across money markets, including credit and financial assets used as collateral. Together, the various stratums of money markets have replaced traditional banks as a supply chain for capital markets activity.

The Impact of Covid-19 on Board Accountability, Flexible Work, Stakeholder Engagement, and Financial Markets

New episodes from podcast series A Guide to EU Financial Politics and Policy Development.

Towards Better Fund Liquidity Management During a Crisis

Assets under management with credit funds grew in India as long as their inflows exceeded outflows. It was only when the trend reversed that those funds had to face up to the task of selling in an illiquid market.

UK Audit Reform: Audits of Internal Controls Over Financial Reporting

The narrative that management and auditor assessment of internal controls of financial reporting is too expensive is a very common, but undemonstrated, narrative regarding virtually every accounting, disclosure, and audit reform. Investors view the benefits of ICFR audits as exceeding the costs.

Towards a deep review of the role of the European Financial SupervisoryAuthorities?

Now is the time to review the structure of the financial supervision in the EU. Empowering the ESAs with greater direct supervisory powers and resources and turning these authorities into more independent bodies are essential steps to achieve a genuine CMU, with a truly European single supervision.