EPTA News
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FIA EPTA response to the Financial Conduct Authority (FCA) Consultation Paper on Regulatory fees and levies: policy proposals for 2022/23
FIA EPTA welcomes the opportunity to respond to the Financial Conduct Authority (FCA) Consultation Paper on Regulatory fees and levies: policy proposals for 2022/23. FIA EPTA does not have a strong view on the proposed change as in practice we are not aware of any firms subject to IFPR that have obtained in the past such internal model approval. This is due to the fact that the conditions to implement the internal model are extremely burdensome as they were initially designed for large credit institutions. However, should the FCA allow for a relaxation of these conditions at some point in time
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FIA EPTA letter to the EC on the treatment of exchange-traded derivatives in the draft RTS methodology for the Taxonomyalignment ratio – unintended consequences for the green transition
FIA EPTA and FIA are concerned by current proposals under the Taxonomy and Sustainable Finance Disclosure Regulation (SFDR) that would in effect restrain the use of listed derivatives by market participants and restrict the amount of capital that can be made available for a sustainable transition.
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FIA EPTA response to the FCA Discussion Paper on Sustainability Disclosure Requirements (SDR) and investment labels
FIA EPTA welcomes the opportunity to respond to the Financial Conduct Authority (FCA) Discussion Paper on Sustainability Disclosure Requirements (SDR) and investment labels (DP21/4). FIA EPTA members believe that for the normalisation of sustainable investing it should be organised in a similar way as with traditional investment products. FIA EPTA members believe that the secondary markets can play a vital role in the shift towards sustainable investing.
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FIA EPTA response to the ESMA Call for evidence On the European Commission mandate on certain aspects relating to retail investor protection
FIA EPTA appreciates the opportunity to provide feedback to the European Securities and Markets Authority (ESMA) on the call for evidence On the European Commission mandate on certain aspects relating to retail investor protection. FIA EPTA considers that regulatory measures should be taken to encourage and highlight the benefits of exchange-listed products.
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FIA EPTA is looking for a Senior policy advisor – Market Structure
FIA EPTA is looking for a Senior policy advisor – Market Structure. An exciting new role – driving the European market structure discussion
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FIA EPTA response to the ESMA consultation paper ESMA Consultation Paper on the Review of the MiFID II framework on best execution reports
FIA EPTA welcomes the opportunity to respond to ESMA Consultation Paper on Review of the MiFID II framework on best execution reports. FIA EPTA would welcome the opportunity to provide further background to ESMA on the issues raised in our response. FIA EPTA agrees with the proposed change in scope of execution venues i.e. that execution venues for the purpose of the best execution reporting regime for execution venues (RTS 27) should not include ‘market makers’.
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FIA EPTA response to the ESMA consultation on the review of certain aspects of the Short Selling Regulation
FIA EPTA appreciates the opportunity to provide feedback to the European Securities and Markets Authority (ESMA) on the consultation on the review of certain aspects of the Short Selling Regulation. FIA EPTA is of the view that short-selling bans are harmful to the orderly functioning of markets. We note the unnecessary operational risks that were a consequence of short selling bans implemented inconsistently and with limited lead-time last year.
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Press release: Turning The Tables On Liquidity Provision – Download The Report
Europe’s trading landscape is being fundamentally reshaped as asset managers transform from ‘liquidity takers’ to ‘liquidity makers’. Our new report Turning the Tables on Liquidity Provision lays bare the changes taking place in the UK and EU’s capital markets as the after-effects of the pandemic continue to be felt. In particular, equity and fixed-income markets are at the point of a radical shake-up as the buyside settles into the liquidity driving seat. And the impact has prompted calls for the current regulatory rulebook to be overhauled to keep pace with the changes, or risk falling behind.
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FIA EPTA response letter to the Discussion Paper on Diversity and inclusion in the financial sector – working together to drive change (DP21/2)
FIA EPTA appreciates the opportunity to provide feedback to the Bank of England (BoE), Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) Discussion Paper regarding Diversity and inclusion in the financial sector – working together to drive change. FIA EPTA members would like to acclaim the BoE, PRA and FCA’s work on including Social and Governance components of ESG in their work to create a sustainable and resilient financial sector.
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Press Release: PARADIGM SHIFT AS MARKET MAKERS TAKE CENTRE-STAGE IN EUROPEAN LIQUIDITY PROVISION DURING COVID-19 PANDEMIC
The ability of independent market making firms to provide essential liquidity to Europe’s pension funds and other asset managers during the Covid-19 financial crisis has accelerated their recognition as a vital part of the European capital markets eco-system. A new research report surveying European buyside participants reveals for the first time how market makers stepped up to help the asset managers when some of the traditional providers of risk capital partially withdrew from certain market segments in Europe in the early stages of the pandemic.
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