In order to foster economic growth, innovation and finally job creation within the European Union we need to have strong capital markets – especially equity markets. The EFFAS Capital Markets Yearbook aims to enable readers to better understand European Capital Markets by analyzing:
Finally, we display individual capital market profiles for all the EU 27 countries.
Founded in 1962, EFFAS is a not-for-profit organisation. Its mission is to set the requirement standards for investment professionals, to act as a think tank and centre for discussion and be a European reference in Training & Qualifications.
EFFAS is the umbrella organisation of 14 national, local societies of investment professionals in Europe. EFFAS represents more than 18,000 Financial Analysts, Asset Managers, Pension Fund Managers, Corporate Finance Specialists, Risk Managers, Treasurers and other professional profiles in the investment professions.
EFFAS promotes the development and dissemination of a European Code of Ethics and Professional Conduct.
EFFAS recognizes and respects regional and local market characteristics.
13 January 2024 Introducing EFFAS’ Four New Certifications: Elevate Your Financial Expertise EFFAS is proud to announce the launch of four cutting-edge certifications, designed to empower finance professionals with the skills and recognition they need to thrive in today’s dynamic markets. These programs, each tailored to specific career paths within the financial industry, are your…
On September 14, on behalf of EFFAS, Dr. Jesús López Zaballos, the EFFAS Chair, handed over a symbolic donation cheque for €40,200 to Dr. Nils Gröppel, Corporate Partnerships at UNICEF Germany. Dr. Valeria Fauner, the EFFAS Director in Training and Qualifications, joined the Chair to hand over the cheque at the EFFAS Office in Frankfurt…
Moving with the times and circumstance in 2019 EFFAS quickly adapted at the start of the pandemic to offer its CESGA certification examination in an online version. This allowed candidates to do the exam with minimal interruption to their schedules already affected by the pandemic. Continuing this digital path EFFAS issued its first batch of…
On 13 February 2025, the European Securities and Markets Authority (ESMA) launched a consultation to improve settlement efficiency across various areas. The consultation proposes amendments to the technical standards on settlement discipline, including: Reduced timeframes for allocations and confirmations The use of electronic, machine-readable allocations and confirmations based on international standards The implementation of hold…
EFRAG is inviting financial statement preparers and users to submit feedback on the voluntary application of IFRS 19 – Subsidiaries without Public Accountability: Disclosures. This standard allows eligible subsidiaries to apply reduced disclosures under IFRS Accounting Standards. The deadline for submission is 28 February 2025. Your feedback will contribute to EFRAG’s cost-benefit analysis of applying…
On 6 February, over +250 stakeholders gathered at the hybrid event “Financial Reporting: What’s Ahead for 2025? Focus on investor and analysts-oriented projects”. The seminar, co-hosted by EFRAG, ABAF-BVFA, and CBN-CNC addressed key developments shaping the future of financial reporting. For more information [here]
EFRAG is seeking candidates for the 2025 rotation of the EFRAG SR Technical Expert Group (TEG) to help shape the future of sustainability reporting and contribute to the development of the ESRS. EFRAG is looking for individuals with expertise in ESG reporting across a wide range of sectors. The call particularly welcomes candidates from diverse…
The EFRAG Conference 2024, held on 10 December in Brussels, brought together leading professionals in corporate reporting. Under the theme ‘Advancing Transparency and Competitiveness in Challenging Times,’ discussions focused on key challenges shaping the future of corporate reporting, with 350 attendees participating in person and 850 joining virtually. To access the Summary Report: [here] To access…
With 20 years of expertise, EFFAS promotes the development and dissemination of international professional standards in order to contribute towards a high level of quality in the professional practice of investment professionals.
High quality standards.
Constant innovations.
Best academical and professional experts.
Through its Commissions, EFFAS contributes to supporting the development of financial services
regulation by incorporating the practical knowledge of the professionals. EFFAS shares with the market the expert opinions and conclusions of the debate among qualified professionals within the members of the Federation and the results of surveys of common interest.
• Capital Market Commission (CMC): Capital Market standards and monitoring throughout Europe.
• Commission on Environmental, Social & Governance Issues (CESG): ESG reporting, measurement and valuation.
• Commission on Financial Reporting (CFR): Accounting standards, guidance on analytical methods.
• Training and Qualification Commission (TQC): Standards in education and examinations.
Through the seminars and webinars developed in cooperation with our member societies and partners. EFFAS’ conferences and seminars are focused on enhancing the skills and expertise of investment professionals to help them meet the need for continuous professional development at the same time as creating a forum for discussion among professionals and experts.
