ContextSpeech at the EFAMA Investment Management Forum in Brussels; ESMA protects investors and keeps EU markets orderly, and sets fund supervision priorities for a new legislative cycle.
Why it mattersRegulators set out what they will watch in fund management over the coming years, including leverage outside banks.
Problems raised
Non-bank systemic risks cross borders and sectors.
Supervision of these risks is incomplete.
UCITS asset eligibility is applied unevenly.
Solutions proposed
Increase cross-border and cross-sector cooperation.
Improve monitoring of non-bank risks.
Agree a common, consistent view on UCITS asset eligibility.
