EU Regulations trends and perspectives

Article

EU Regulations trends and perspectives

An overview of EU regulatory developments impacting investment firms, banks, and asset managers

This article presents an overview of EU regulatory developments impacting investment firms, banks, and asset managers

Following the 2007/09 financial crisis, the EU authorities launched a farreaching regulatory agenda, which was often referred to as a tsunami. However, in reality, regulatory change can be more accurately characterized as an ongoing process of reviews and enhancements of existing regulations. In the coming year, a number of regulations are set to be reviewed, while we also expect to see rules proposed in new areas.

Executive Summary

The first wave of regulations came in the wake of the last major EU treaty, which introduced, inter alia, the euro. Against a backdrop of dynamic growth for internet companies and innovative ideas, the European Commission launched an economic development program called the Lisbon Strategy. The Financial Services Action Plan that was part of this strategy included creating a common regulatory framework to cover everything from issuance of instruments to their buying and selling by investors, along with all the necessary ‘plumbing’: The trading and post-trading infrastructure. The aim was to make the EU the world’s most competitive financial market, a true common market speaking a single regulatory language. No fixed schedule was set, but we all know what happened in 2007—the very moment when MiFID and the Capital Requirements Directive came into force.

Performance magazine issue 34, January 2021

Performance is a triannual digest, dedicated to investment management professionals, which brings you the latest articles, news and market developments from Deloitte’s professionals and clients.

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