Who we are
Home of Europe’s Financial Community
EFFAS is a not-for-profit federation representing Europe’s investment professionals. We are a center of experise & home of leading global certifications in finance.
Through its national member societies, expert commissions, professional certifications and value added partners, EFFAS promotes high standards in investment analysis, professional conduct, financial training and market thought leadership across Europe.
Founded
Member Societies
Certification Holders
Value Added Partners
ABOUT US
EFFAS Commissions
Explore the EFFAS Commissions driving expert dialogue, research and thought leadership across Europe’s financial community.
Capital Markets Commission (CMC)
Commission on ESG (CESG)
Commission on Financial Reporting (CFR)
Training & Qualifications Commission (TQC)
Capital Markets Commission (CMC)
EFFAS Capital Markets Commission (CMC)
The EFFAS Capital Markets Commission fosters the Capital Markets Union by addressing equity and fixed-income challenges, supporting SMEs’ funding needs, and driving market development through research, consultations, and events like the Capital Markets Forum.
- EFFAS’ voice on equity and fixed-income markets.
- Tracks Capital Markets Union and market developments
- Produces research, position papers, and
input to authorities
Commission on ESG (CESG)
Commission on ESG (CESG)
Advances ESG investment practices through taxonomy, disclosure regulation, and valuation developments while strengthening sustainability standards, supporting practical investor guidance, and leading flagship initiatives across the EFFAS sustainability community.
- Develops ESG reporting and valuation standards.
- Organises CESGA Congress and Gasperini Awards.
- Supports CESGA programme development.
Commission on Financial Reporting (CFR)
Commission on Financial Reporting (CFR)
Enhances corporate reporting by representing investors’ needs in global standard-setting, contributing to IFRS, EFRAG, and ESMA consultations, and advancing disclosure practices across financial and sustainability reporting.
- Supports investor-focused reporting standards
- Contributes to key regulatory consultations
- Covers M&A, climate, and integrated reporting
Training & Qualifications Commission (TQC)
Training & Qualifications Commission (TQC)
Supports the development and quality of EFFAS certifications by advising on training, reviewing accreditations, sharing member society experience, and contributing to international programme growth.
- Reviews professional designation accreditations
- Supports CEFA, CESGA, and other programmes
- Contributes to seminars and Summer School
Member Societies
ABOUT US
EFFAS Mission & Vision
EFFAS’ mission is to lead investment professionals in the development of their profession aligned with the EFFAS Code of Conduct so they have a positive social impact.
Sharing
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.
Dialogue
with financial authorities and institutions, public and private companies and markets regulators to properly represent users (financial professionals and investors) when developing regulation.
Integration
of the non-financial indicators and ethics in the investment decision and management with rigor and professionalism.
Professional certifications
granting the achievement of the excellence for the development of the profession, following the standards required by the EU and local authorities.
Providing training
to enhance the skills, expertise and continuous professional development of investment professionals so they can better confront today’s and tomorrow’s challenges.
Defense of ethics and professional best practices
Definition and dissemination of standards for financial analysts and experts.
HISTORY
Discover Our History
EFFAS’ history reflects more than six decades of European cooperation, built by national societies and professionals committed to raising standards across the investment community.
The founding of EFFAS in Courchevel
EFFAS began with the idea of creating a European professional movement for financial analysts. In January 1962, this vision became reality in Courchevel, where Pierre Cabon and Peter Freeman drafted the Federation’s first Statutes, supported by early contributors including Philippe Denis, Michael Hauck, Jean-Claude Hentsch and Adolph Van Grovestins.
The first EFFAS Congress
EFFAS’ first major initiative was the Cambridge Congress, held in July 1963. The event brought together selected analysts from national societies to work in twelve study groups, marking an important step in the development of EFFAS as a European professional organisation.
A growing European forum
Following the success of Cambridge, further congresses were organised approximately every two years, hosted by national societies across Europe. These gatherings helped establish EFFAS as a forum for professional exchange, cooperation and shared standards among investment professionals.
50 years of EFFAS
In 2012, EFFAS celebrated its 50th anniversary. The milestone recognised the work of generations of volunteers who had supported the Federation’s mission and reaffirmed what EFFAS stands for: promoting integrity, thriving on diversity and creating wealth, while respecting Europe’s different cultures, languages and national values.
ABOUT US
International Relations
Explore the EFFAS Commissions driving expert dialogue, research and thought leadership across Europe’s financial community.
The European Financial Reporting Advisory Group (EFRAG)
European Capital Markets Institute (ECMI)
The International Accounting Standards Board (IASB/IFRS)
eXtensible Business Reporting Language (XBRL Europe)
The European Commission Technical Working Group on Sustainable Finance (EC)
The International Integrated Reporting Council (IIRC)
The Word Intellectual Capital Initiative (WICI)
EFFAS Value Added Partners (VAPs)
The European Financial Reporting Advisory Group (EFRAG)
The European Financial Reporting Advisory Group (EFRAG)
EFRAG’s mission is to serve the European public interest in both financial and sustainability reporting by developing and promoting European views in the field of corporate reporting. EFFAS is represented on the EFRAG General Assembly and Administrative Board, and also on the EFRAG Sustainability Board and the EFRAG User Panel. EFFAS is as an official “Friend of EFRAG”.
European Capital Markets Institute (ECMI)
European Capital Markets Institute (ECMI)
ECMI was established as a non-profit initiative through a collaborative effort by its founding organisations, including EFFAS, FESE, and ICMA. ECMI conducts research aimed at informing debate and policymaking on a broad range of issues relevant to capital markets. It facilitates interaction among market participants, policymakers, and academics. EFFAS is represented in the ECMI Board of Directors.
The International Accounting Standards Board (IASB/IFRS)
The International Accounting Standards Board (IASB/IFRS)
The IFRS Foundation is a public interest organisation that develops and promotes globally accepted accounting standards (IFRS Standards) through its standard-setter, the IASB. EFFAS is represented on the IFRS Advisory Council, which provides strategic support and advice to the IFRS Foundation.
The IFRS Foundation is a not-for-profit, public interest organisation established to develop a single set of high-quality, understandable, enforceable and globally accepted accounting standards—IFRS Standards—and to promote and facilitate adoption of the standards. Find out more about the structure of the IFRS Foundation and consultative bodies.
eXtensible Business Reporting Language (XBRL Europe)
eXtensible Business Reporting Language (XBRL Europe)
XBRL (eXtensible Business Reporting Language) is the global standard for the digital exchange of business and corporate reporting information. It enables financial, sustainability and regulatory disclosures to be published in a structured, machine-readable format while remaining accessible to human readers.
EFFAS is represented in the XBRL Europe Consultative Committee by Dr. Bodo Kesselmeyer, Associate Member of the EFFAS Capital Markets Commission (CMC) and Chair of the EFFAS Corporate Reporting, Structured Data & Technology Working Group.
The European Commission Technical Working Group on Sustainable Finance (EC)
The European Commission Technical Working Group on Sustainable Finance (EC)
As part of its work on implementing the commission action plan on sustainable finance, the European Commission set up a Technical Working Group on Sustainable Finance in spring 2018. The main tasks of the Group are to assist the Commission in the development of
- An EU taxonomy of environmentally sustainable economic activities.
- An EU Green Bond Standard.
- A category of “low carbon” indices for use by asset and portfolio managers as a benchmark for a low carbon investment strategy.
- Metrics allowing improving disclosure on climate-related information
Jose Luís Blasco has 20 years’ experience in developing corporate sustainability strategies and programmes and Global Head of KPMG Sustainability Services. He is a member of the Commission on ESG of
The International Integrated Reporting Council (IIRC)
The International Integrated Reporting Council (IIRC)
The International Integrated Reporting Council (IIRC) is a global coalition of regulators, investors, companies, standard setters, the accounting profession and NGOs. The coalition is promoting communication about value creation as the next step in the evolution of corporate reporting. The IIRC’s mission is to establish integrated reporting and thinking within mainstream business practice as the norm in the public and private sectors.
The coalition comprises entities drawn from broad global communities, including business and other reporting entities; providers of financial capital; policy makers, regulators, the accounting profession, reporting framework developers and standard setters and civil society.
EFFAS is represented in the IIRC Council by Mr. Frank Klein. The Council is the primary institutional forum for expression of the coalition’s broad market view and collective voice, as well as the medium for its interaction and provision of advice, guidance and input on issues of relevance for the organization.
The Word Intellectual Capital Initiative (WICI)
The Word Intellectual Capital Initiative (WICI)
The world’s business reporting network, is a private/public sector collaboration aimed at improving capital allocation through better corporate reporting information to improve capital allocation decisions both within companies and between investors and companies.To achieve this vision we have three major goals:
- To develop a voluntary global framework for measuring and reporting corporate performance to shareholders and other stakeholders. Throughout the world, different terms such as opportunities, risks, strategies, plans, intellectual assets/capital, intangibles or value drivers are often used to describe some of the concepts within corporate performance.
- To develop guidelines for measuring and reporting on industry-specific key performance indicators.
- To facilitate the development of XBRL taxonomies for this content.
EFFAS is a founding member and its represented at WICI Europe by Dr. Stefano Zambon.
EFFAS Value Added Partners (VAPs)
EFFAS Value Added Partners (VAPs)
Our Value Added Partners help EFFAS distribute certifications accross the Globe.
- Friends of the Earth (FOE) and SFRH in Hong Kong & Singapore
- GEES Group in Malaysia
- Consejo Mexicano de Finanzas Sostenibles (CMFS) in México
- Terrama in Indonesia & Bhutan
- GreenMentor in India