Debate papers
ESG Data Product Service Providers: their critical role requires an urgent EU regulatory action
In 2018, the European Union (EU) initiated a Sustainable Finance Action Plan (European Commission, 2018), putting the financial sector at the core of the transition of the European Economy and society toward the EU Carbon neutrality by 2050. That plan, as renewed and complemented later, was encompassing the main part of the value chain of players, products and services having some role in the…
THE DEVELOPMENT OF BIG TECH COMPANIES IN FINANCE: OPPORTUNITIES OR THREATS? WHAT RESPONSE FROM THE AUTHORITIES?
This Debate Paper was prepared by a dedicated working group (annex) composed of representative’s institutional members of the AEFR or not participating in a personal capacity, whose aim is to initiate a discussion on the issues at stake regarding the development of financial services by Big Tech companies. The views expressed in this paper do not necessarily reflect those of the individual…
Transition plans: ensuring their comparability, credibility and effectiveness to accelerate the low carbon transition
This debate paper provides recommendations to policy makers, at national, European, and international level, as they incorporate the concept of transition plans into the climate-related regulatory framework. While transition plans are increasingly recognised as an essential tool in the transformation towards a low-carbon socio-economic system, lack of global harmonisation about their…
The Council’s position on Payment For Order Flow, a territorial approach instead of the Capital Markets Union – How did we get here, what is the way out? - Issue 4– MAY 2023
This Debate paper was drafted under the responsibility of Robert Ophèle, President of the Advisory Committee for Debate Papers of the AEFR. This Debate Paper investigates a paradox: as part of the MiFIR review, a file that is instrumental to the building of the long-awaited Capital Market Union, one of the compromises explored to bridge a contentious issue (to curb or not to curb the practice of…
A retail CBDC in Europe: the current situation and challenges - APRIL 2023
By François-Régis Benois, chair of the working group, director of public affairs - La Banque Postale and Louis Bertucci, rapporteur, scientific coordinator of the Finance and Insurance Reloaded (FaIR) program – Institut Louis Bachelier The monetary and payment environment is swiftly evolving, and most central banks are exploring the concept of a retail central bank digital currency (CBDC) as a…