The future of derivatives clearing – finding the right balance between efficiency and resilience?
Whereas EMIR 3.0’s main focus was geared towards the Active Account Requirement and whether or not to centralise the supervision of EU CCPs with the European Securities and Markets Authority (ESMA), regulators and market participants would be ill-advised to let discussions over third-country CCP equivalence issues and supervision of CCPs distract them from other important […]
Analysis of developments in EU capital flows in the global context (2023)
With the start of the war in Ukraine, geo-economics and the risks of economic fragmentation are at the centre of the debate. A fast-evolving scenario has unveiled the extent of global interdependence and intricate interconnections through trade linkages, value-chain exposure and cross-border investment. Risks associated with supply-chain disruptions and the weaponisation of trade dependencies could […]
How To make Capital Markets Union work
Europe has a high rate of savings and using those savings to increase productive investment is the right approach. However, Capital Markets Union (CMU) will not do this simply by removing barriers to competition in the European single market. The reason is that nearly all financial markets activity in the world today is carried out […]
ECMI Statistical Package – Key findings
This report provides an overview of the key findings of the ECMI Statistical Package 2021, a comprehensive collection of the most relevant data on various segments of European and global capital markets. It enables users to trace trends so as to highlight the ongoing transformation of capital markets, including the structural changes brought about by competitive forces, […]
2020 ECMI Statistical Package: key findings
This report provides an overview of the key findings of the ECMI Statistical Package 2020, a comprehensive and annually updated database on the dynamics of European and global capital markets (covering China, Japan, the US and other relevant markets).* The key trends gleaned from the package on equity markets, debt securities, exchange-traded derivatives (ETD), over-the-counter (OTC) derivatives […]