Investment Association calls on EU policymakers to prioritise review of SFDR rules
The IA represents 250 investment management firms, which manage €3.2trn on behalf of European clients | Credit: iStock
Just under nine months remaining until the European elections in June 2024, the trade body is arguing for change among the continent's institutions to make investing work better for individuals, businesses and the economy, as well as «to deliver a more modern, resilient, and sustainable Europe».
Its report, ‘Making Investment Better for All', calls on the EU institutions to place individuals at the centre of policymaking, and improve access to sustainable investment opportunities.
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The IA also wants the EU to do more to promote open and efficient capital markets, support innovation and new technology, and foster greater international cooperation on regulatory standards.
Specific recommendations include making investments more accessible, by focusing on making disclosures "'digital by default', and more concise, clear, and meaningful".
Supporting innovation was another criteria, including the adoption of artificial intelligence on the grounds it «holds substantial promise for enhancing supervision within financial services», and advancing the tokenisation of funds.
The IA is also calling for «clarity and certainty» to investors on sustainable investment opportunities by prioritising the review of the EU's Sustainable Finance Disclosure Regulations.
«This will need to consider the sequencing of the EU's sustainable finance agenda, recognise the complex and unique investor preferences, and provide greater international alignment on standards,» the trade body said.
The EU should also prioritise international cooperation, the IA said, to ensure future
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