Mirzha de Manuel Aramendía is director of capital markets policy at CFA Institute. He is responsible for developing capital markets policy in the Europe, Middle East, and Africa (EMEA) region through education and research, developing policy papers, research projects, and regulatory consultations.
Report recommends improving traditional approach to supervision that currently punishes misconduct without directly benefitting the victims.
IORP II contains a comprehensive framework for communications with plan holders, which closely mirrors the principles developed by the OECD and EIOPA.
More transparent, liquid capital markets will expand opportunities to European investors, but any new regulatory initiatives must have investor interests at heart.
Five years since the start of the financial and economic crisis, the European Union is only now finalising the long-announced reforms of its legislative framework in the field of investor protection. As the European legislature comes to a close, the time is right to make an assessment of the state of investor protection and regulatory reforms in Europe.
CFA Institute recently supported a CFA Society of Belgium event on the “Banking Union: Will It Prevent the Next Financial Crisis,” which happened to fall on the eve of the deal struck by the European Parliament, European Council, and European Commission, after more than 17 hours of negotiations.
The EIOPA recently published a preliminary report on the creation of a single market for personal pensions. This post considers the opportunities and challenges in creating a single market for personal pensions.
The 2007 shareholder rights directive aimed at facilitating shareholder control as a prerequisite to sound corporate governance. It introduced minimum requirements regarding information and participation in shareholder meetings. It also removed certain impediments to voting, such as the obligation to deposit shares, and enabled voting by electronic means and proxy.
In Europe, different cases of mis-selling have caused national supervisors to take a more proactive stance on “complex” products.