Views on improving the integrity of global capital markets

Market Structure


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.

ELTIFs: Fostering Retail Investors’ Access to Alternative Investments and the Need for Increased Transparency and Harmonization across Reporting Standards

European Long-Term Investment Funds (ELTIFs) are EU Alternative Investment Funds (AIFs) managed by alternative investment fund managers (AIFMs). ELTIFs complement traditional sources of capital while enabling the financing of the real economy, which, in turn, contribute to the EU’s sustainable and inclusive growth.

EMIR: Regulating Systemically Important Central Counterparties

To improve the transparency and stability of the financial system in the aftermath of the global financial crisis, EMIR has imposed three new regulatory requirements.

Uber and Public Capital Markets: Shareholder Rights, Uninformative Prospectus, Weak Post-IPO Performance

The recent IPO of uber has been fascinating in terms of its relevance to many of the issues currently concerning participants in the public capital markets space. Is the capital raising ecosystem is still somehow out of kilter?

A Guide to EU Financial Politics and Policy Development (Podcasts)

This series provides a guide to the economic and policy developments within the European Union (EU) and is a must-listen for any student, policy maker, legislator, economist, or corporate strategist seeking a greater understanding of the opportunities, risks, and emerging policy initiatives that will affect the 330 million consumers living there and the companies doing or seeking to do business there.

CFA Institute Welcomes ESMA’s Proposals under the Prospectus Regulation

Despite all the interest in Brexit, the European Commission is still in the business of producing rules to manage securities markets.

Capital Formation: The Evolving Role of Public and Private Markets

The statistics on public market participation by corporations over the last two decades make grim reading in developed markets.

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

Stock Exchanges Need to Find Their Mojo

After years of debate, both the Singapore Exchange and the Stock Exchange of Hong Kong have amended their rules to allow the listing of companies with dual-class share (DCS) structures.

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.

The Blue Sky Allure of Weighted Voting Rights?

After some hiccups earlier this decade, talks of permitting the listing of companies with dual-class share (DCS) structures have gained traction in Hong Kong and Singapore, two major financial centers in Asia .

The Makings of a Financial Crisis

Four tools may frame the analysis required to evaluate the likelihood of an impending crisis and that may provide us with a heads up before a financial crisis occurs.

Assessing the Implications of Brexit: What Investment Professionals Need to Know

Brexit is moving forward, and the investment management industry needs to keep up with the effects it could have on business.



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