The 2011 ECMI Annual Conference brought together the best of academia, industry and policy making, to discuss the challenges for global asset.
In this introductory meeting, participants will discuss the guidelines and the scope of the Task Force, and discuss trading practices, financialisation, competition and market structure in energy commodities markets, specifically on crude oil and liquified natural gas.
Task force members met to discuss the contribution of asset management to the economy, where the final report of this task force will seek to put forward concrete proposals.
Overreliance on external ratings by investors has come under scrutiny since the crisis, where it emerged as a source of systemic risk –difficult to mitigate save by increasing transparency and encouraging own due diligence by investors.
In addressing the forthcoming revision of MiFID, the European Commission needs to comply with its G20 commitments. Proposals under discussion seek to push non-equity asset classes (such as bonds, structured products and OTC derivatives) onto 'organised’ trading platforms.
Academic experts, public officials and industry representatives met again to discuss the future of asset management at CEPS-ECMI in Brussels.
The introduction of an EU-wide tax on financial transactions is set to be a topic for discussion during the next months. In a non-legislative report on ‘innovative financing’ adopted in March by the EP, a wide majority asked for a tax on financial transactions of between 0,01 and 0,05% to be introduced in Europe.