Publications

This page lists the IRSG's reports, position papers and other publications.

IRSG response to Capital Markets Union Midterm Review Consultation

IRSG has responded to the EU Commission’s Capital Markets Union (CMU) Midterm Review consultation. It drew on themes set out in its responses to the Commission’s Call for Evidence on the EU’s Framework for Financial Services and Insolvency Consultation.

Published: 31/03/2017

IRSG Paper on CCPs post-Brexit

Report

IRSG Paper: "CCPs post-Brexit: Implications for the users of financial markets in the UK and EU27"

Published: 20/02/2017

IRSG Report on the EU's Third Country Regimes and Alternatives to Passporting

Report

IRSG Report: "The EU's Third Country Regimes and Alternatives to Passporting"

Published: 23/01/2017

IRSG Report on the Cumulative Impact of EU Financial Services Regulation

Report

IRSG Report: "The Cumulative Impact of EU Financial Services Regulation: Better Regulation for Jobs and Growth". 

Published: 15/06/2016

IRSG Report on Retail Financial Services

Report

IRSG Report: Retail financial services: bringing real benefits to Europe’s customers.

Retail financial services is an industry which has a profound impact on the lives of Europe’s 500 million people, helping them to save, buy homes and plan for their retirement. Across the globe the retail financial services landscape is evolving rapidly. The European Commission has recognised the challenges and opportunities this will bring for EU legislation and made policy development in this area a priority for the 2014-2019 mandate.
Financial services regulation has undergone significant reform as a result of the global financial crisis. Many of the changes were driven by a desire to restore and strengthen financial stability and increase consumer protection. Now that the new regulatory regime has been put in place, policymakers wish to ensure transparency and facilitate consumer choice through digital technologies and making markets more competitive.
In part driven by mobile and other digital technologies, customers’ expectations are rapidly evolving. At the same time disruptive technologies and innovative business models are being adopted by new entrants to financial services and established players alike. This changing landscape provides significant opportunities for the customers of financial services and the industry must respond to these developments. To leverage the full potential of these opportunities, a balanced and cooperative approach will be required from all stakeholders. Doing so will provide real benefits for all of Europe’s 28 Member States and 500 million people. This report illustrates how policymakers and regulators can help unlock the potential of the Single Market in Financial Services by approaching retail finance from the customer’s perspective.

Retail financial services is an industry which has a profound impact on the lives of Europe’s 500 million people, helping them to save, buy homes and plan for their retirement. Across the globe the retail financial services landscape is evolving rapidly. The European Commission has recognised the challenges and opportunities this will bring for EU legislation and made policy development in this area a priority for the 2014-2019 mandate.

 

Financial services regulation has undergone significant reform as a result of the global financial crisis. Many of the changes were driven by a desire to restore and strengthen financial stability and increase consumer protection. Now that the new regulatory regime has been put in place, policymakers wish to ensure transparency and facilitate consumer choice through digital technologies and making markets more competitive.

 

In part driven by mobile and other digital technologies, customers’ expectations are rapidly evolving. At the same time disruptive technologies and innovative business models are being adopted by new entrants to financial services and established players alike. This changing landscape provides significant opportunities for the customers of financial services and the industry must respond to these developments. To leverage the full potential of these opportunities, a balanced and cooperative approach will be required from all stakeholders. Doing so will provide real benefits for all of Europe’s 28 Member States and 500 million people. This report illustrates how policymakers and regulators can help unlock the potential of the Single Market in Financial Services by approaching retail finance from the customer’s perspective.

Published: 15/03/2016

IRSG Response to Capital Markets Union Action Plan

Position Paper

This letter, to Commissioner Hill, constitutes the IRSG's formal response to the CMU Action Plan.

Published: 14/12/2015

IRSG letter on Base Erosion and Profit Shifting (BEPS)

Position Paper

The IRSG welcomes the European Commission’s consideration of the issues raised by the OECD’s work on Base Erosion and Profit Shifting (BEPS). The far reaching BEPS Action Plans aimed at addressing double non-taxation are critical in re-establishing confidence in the taxation of all businesses and ensuring a level playing field.

Published: 7/12/2015

Where Next Europe: The Future of European Financial Services

Report

This report looks at the value of financial services in driving growth across the EU economy, and the range of benefits that they provide to the EU.

Published: 29/05/2015

Anglo-French Committee response to Capital Markets Union consultation

Position Paper

This is the response of the Anglo-French Committee of the City of London Corporation and Paris Europlace to the European Commission's public consultation on the Capital Markets Union.

Published: 13/05/2015

IRSG response to Commission Green Paper on building a Capital Markets Union

The International Regulatory Strategy Group welcomes the European Commission’s ambition to create a single market for capital in Europe to increase competitiveness, jobs and growth for all 28 Member States. This formal response to the Capital Markets Union consultation will focus on the ways in which financial markets can better serve Europe’s people and businesses by identifying obstacles to deep and liquid pools of capital and making proposals for the removal of those impediments.

Published: 13/05/2015