trending Market Intelligence /marketintelligence/en/news-insights/trending/uvA-OY1tZ1lUMc7EJCJszw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Lobby group urges EU to improve transparency, certainty in equivalence framework

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


Lobby group urges EU to improve transparency, certainty in equivalence framework

The Association for Financial Markets in Europe has urged the EU to improve transparency and certainty in its equivalence regime with third countries to support connections with international markets and minimize fragmentation.

In a Jan. 14 paper, the AFME called on the EU to establish a transparent framework to provide certainty to market participants and preserve choice for investors.

The AFME, an industry lobby group that represents banks, brokers, law firms, investors and other market participants, unveiled a set of principles it said should underpin the EU's equivalence framework which it described as one of the most widely used cross-border financial regimes.

It called for a focus on fair competition in capital markets, investor protection and reducing barriers to cross-border business in the EU's equivalence regime.

When determining equivalence, the AFME said decisions should be proportionate and risk-sensitive, based on sound regulatory and supervisory arrangements. It added that decisions should be made in a timely manner, providing certainty and stability for market participants. The AFME said its paper was intended to address the EU's general approach to equivalence rather than the bloc's specific relationship with the U.K. after Brexit. The EU and the U.K. are yet to settle on a deal on the equivalence of their regulatory and supervisory regimes after the U.K. leaves the EU.

The association cited a "lack of communication" over the EU's decision to end equivalence for trading in Swiss shares in June 2019 as an example of where market participants faced uncertainty and risks.

Oliver Moullin, managing director at the association, said improving the framework "will support continued connectivity with international financial markets, minimize unnecessary fragmentation and maximize benefits for consumers of financial services across Europe. It will also allow the EU to effectively manage risks to financial stability, market integrity and investor protection."

The AFME also said in its report that it was important to analyze the benefits of an equivalence system as well as the impact of not having one on market participants and third-country providers and to balance any such impact.