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Alternative Market Briefing

CFA Institute starts 'pure' investor representation in Brussels

Wednesday, December 16, 2009

By Benedicte Gravrand, Opalesque London:

The CFA Institute, an international association for investment professionals, has spotted something missing within the pan-European financial regulatory system: representation of investors. That is why the Institute, which set up an Investors' Working Group in the U.S. about a year ago, started the European Investors' Working Group (EIWG or "Ewig" for friends) this summer, a group which mainly includes players from the buy-side.

Meanwhile in Brussels Spain will start its six-month rotating presidency of the European Union on 1st January 2010 - a presidency which will be the first to operate under the rules of the Lisbon Treaty. Spanish Secretary of State for EU Affairs Diego López Garrido said last week his country's presidency would focus on four main areas, the first being the economy and its recovery; the others being implementation of the Lisbon Treaty, citizenship and foreign affairs. He also said developing a new system to supervise the international financial system would be an important goal.

Meanwhile the European Commission, the European Union's executive arm, has recently nominated a new 27-membe......................

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