Euro Area: Publication of Financial Sector Assessment Program Documentation-Technical Note on Investment Funds Regulation, Supervision and Systemic Risk Monitoring

July 25, 2025

Summary

While gradually declining in market share, Europe remains the second largest asset management market globally. The industry is mostly concentrated in a few member states (MS) with a significant amount of delegation of portfolio management services outside of the EU. The majority of funds are held by institutional investors, and the share of funds held by investors outside of the EU continues to grow.

Subject: Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Financial sector stability, Liquidity risk, Mutual funds, Stress testing, Systemic risk assessment

Keywords: alternative investment, data sharing framework, Europe, Financial sector stability, G. money market funds, Investment funds regulation, Liquidity risk, management directive, Mutual funds, Stress testing, Systemic risk assessment, Systemic Risk Monitoring activity

Pages:
52
Volume:
2025
DOI:
https://doi.org/10.5089/9798229019866.002
Issue:
212
Series:
Country Report No. 2025/212
Stock No:
1EUREA2025009
ISBN:
9798229019866
ISSN:
1934-7685

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