The European Securities and Markets Authority's 2024 market report on the costs and performance of EU retail investment products provides an overview of key developments up to the end of 2023, a year characterised by improving returns and a macroeconomic slowdown. Similarly to previous editions,...

ESMA's 2023 key achievements, detailed in this report, reflect ESMA's key strategic priorities and are aligned with the EU priorities. ESMA actively monitored risks and resilience of financial markets, contributed to completing the single rulebook and supported supervisory convergence, improved...

Understanding the physical impacts of climate change (i.e. climate physical risks) is important for fund managers to identify and manage in advance the potential risks stemming from climate change, and for financial sector authorities to monitor climate-related risks to entities and products...

Why are capital markets important for the EU economy? Capital markets are essential for the vitality of our economy - fuelling innovation, boosting businesses, and empowering individuals and societies to thrive and flourish. Gradual progress in recent years has improved the efficiency, scale and...

Why are capital markets important for the EU economy? Capital markets are essential for the vitality of our economy - fuelling innovation, boosting businesses, and empowering individuals and societies to thrive and flourish. Gradual progress in recent years has improved the efficiency, scale and...

Characterised by innovative, online-only investment services, neo-brokers have grown rapidly in recent years. To gain understanding of their activities, and as part of continual monitoring efforts, ESMA conducted a market survey of EU-based neo-brokers in 2023. The results confirm that most of...

Recent macroeconomic shifts, such as elevated inflation and rapidly rising interest rates, coupled with global growth deceleration, have put real estate markets under particular stress. We explore the current exposures in EU securities markets and the asset management sector to the rising risks...

The report contains a comprehensive account of the activities carried out by ESMA in the implementation of its mandate and work programme in 2022. ESMA provides in the annual report a detailed account of the results achieved in relation to the objectives set in the work programme for 2022, as...

Our 2023 ESMA Market Report on the Costs and Performance of EU Retail Investment Products provides an overview of key developments up to the end of 2022, a year characterised by elevated inflation and subdued returns. Similarly to previous editions, this year's analysis covers Undertakings for...