Views on improving the integrity of global capital markets

Roberto Silvestri

14 Posts

Biography

Roberto Silvestri is EU Policy Specialist, Capital Markets Policy EMEA at CFA Institute. He helps reach out to regulators and stakeholders about the positions that CFA Institute holds and unravel the complexities of EU regulation for CFA Institute members.

Author's Posts
Improving Investor Protection and Business Conduct in Covid Times: Can Industry and Regulators Work Together to Enhance Trust in Capital Markets?

Day two of the CFA Institute Financial Regulatory Symposium 2021 featured an in-depth discussion on these themes, and the measures that regulators can put in place to encourage ethical behavior.

Sustainability Disclosures: Are We on the Right Path toward a Global Approach?

Regulators’ push for the development of sustainable investments, however, is challenged by the lack of reliable, consistent, and verifiable ESG data.

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.

Sustainable Corporate Governance: Creating Incentives to Integrate Sustainability Interests into Business Operations

CFA Institute recently published the report “Corporate Governance and ESG Disclosure in the EU”, which looks at how corporate governance practices have evolved over the past years and examines the impact of sustainability measures that have been introduced in the European Union in the context of the Renewed Sustainable Finance Strategy and the Action Plan on Financing Sustainability Growth. The study also focuses on how companies can take into account open market perspectives while continuing to seek corporate success and create shareholder value.

ESG Disclosure: Why Only the Development of a Global Standard Can Further Enhance Sustainability Practices in the Financial Sector

CFA Institute supports the “template” approach that the European Supervisory Authorities have taken ESG disclosures ensuring they are included in the description of adverse sustainability impact of investment decisions.

A closer look at the Commission-proposed quick fix of MiFID II within the EU capital market recovery package

Since CFA Institute has been focusing particularly on the impact of the MiFID II rules for the past two and half years (the directive entered into force on 3 January 2018), we will be looking only at the tweaks to this regulatory framework.

Corporate culture and professionalism: Can COVID-19 spark regulators and the industry to take action?

Despite its severity, this crisis also could represent an opportunity for regulators and financial institutions to set out measures to address inappropriate culture and behaviors, which were the factors precipitating the 2008 global financial crisis that remain present in markets today.

Sustainable Value for Money: How to reconnect finance with the needs of society

A few weeks ago, the new European Commission, led by Ursula von der Leyen, rolled out its first package of measures, called the European Green Deal.

The EU Looks Ready for a Halloween Brexit

Since the formation of a new government led by Prime Minister Boris Johnson in Westminster, the likelihood of a no-deal exit of the United Kingdom from the EU on 31 October seems to have risen exponentially.

Capital Markets Union and Banking Union: Two Mutually Inclusive Projects

The level of integration of EU capital markets is still insufficient to boost growth and investments across Europe, according to Marco Lamandini

Unlocking the Potential of Capital Markets in Central and Eastern European Countries

Owing to a number of barriers and unaddressed challenges, thecapital marketsin Central and Eastern European (CEE) countries lag behind the more developed Western European markets.

Capital Markets Union: What is Missing to Solve the Puzzle?

In September 2015 the European Commission launched the Capital Markets Union (CMU) Action Plan with the aim of creating alternative sources of financing, that is, sources other than banking. Almost three years later this project is still incomplete,… READ MORE ›

Sustainable Finance in the EU: How Will It Revolutionise the Financial Sector?

The EC’s Action Plan was one of the main discussion topics of the high-level conference, “The Future of Capital Markets in the EU: Towards Deeper Integration?,” organised by CFA Institute at the European Parliament in Brussels on 6 June 2018.

Capital Markets Union: Is There a Need for Further Integration of EU Markets?

Policymakers discussed why capital markets in the EU must be stronger and more integrated during the high-level conference, “The Future of Capital Markets in the EU: Towards Deeper Integration?,” organised by CFA Institute at the European Parliament.