On the regulation front, the European Commission released its market integration package yesterday and writes that it is “a comprehensive package of measures designed to remove barriers and unlock the full potential of the EU single market for financial services”.
Trade association EFAMA, the European Fund and Asset Management Association, released a comment on the proposal with both positive feedback as well as some concerns. Tanguy van de Werve, EFAMA Director General, commented: “The Commission’s package contains several promising measures that can help deliver more efficient and integrated EU capital markets. We particularly support the focus on removing cross-border barriers, enhancing supervisory convergence, and encouraging digital innovation. However, some proposals raise questions that will require careful consideration to avoid adding new layers of complexity and make sure that long-term benefits offset short-term adjustment costs for market participants. Getting this balanceThe full article is only available to members
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