Challenges and opportunities in asset allocation in Europe
In the coming years, asset allocation will be impacted by the changing macroeconomic environment, evolving investor demographics, technology and regulation. CEPS and ECMI are inviting policy-makers, industry representatives and academics to take part in a special Task Force. The purpose is to contribute to the public debate about the need to facilitate European households’ access to savings products with stable returns over time, and to promote long-term investment across the EU through more capital markets-based financial intermediation.
CEPS and ECMI hope to attract a diverse group of stakeholders to engage in a structured dialogue to: 1) identify the factors at the macro- and micro- level that will drive investment decisions in Europe in the short, medium and long run; 2) analyse the impact on households/retail investors and on different categories of financial intermediaries (asset managers, investment banks, insurance companies, pension funds); and 3) put forward a set of policy recommendations to strengthen the long-term savings/investment channel in Europe.
Jean-Pierre Pinatton, Chairman of the Supervisory Board, Oddo BHF Group, has kindly agreed to chair the Task Force. The first meeting will take place on June 14th and at least three additional closed-door meetings will be organised later this year. The final report, to be drafted by ECMI staff, will be launched at a public event in Brussels, open to the press, in the presence of high level policy-makers and market participants.