Tanguy Van de Werve

Total assets under management in Europe amounted to 28,400 billion euro by the end of September, reflecting a decline of about 12 percent from year-end 2021 levels as bond and stock markets fell amid rising inflation and interest rates and slowing economic growth following the outbreak of war in Ukraine.

Following in the footsteps of the European Parliament earlier this month, the Council of the EU on Monday finalised the legislative process by adopting the Corporate Sustainability Reporting Directive, known as CSRD.

Efama, the trade association for Europe’s fund and asset management industry, welcomed the adoption of what it sees as “a crucial piece of the puzzle”, but warned that the industry still faces years of uncertainty because of the “staggered” adoption between the years 2025 and 2029.

European Fund and Asset Management Association Efama will host its 2022 Investment Management Forum on Thursday and Friday in Brussels. Director-general Tanguy Van de Werve spoke to Investment Officer about prospects for the industry, sustainable finance as the new normal, persistent pressure on costs, and the need for financial education. 

Europe’s asset management industry on Wednesday called on governments across Europe to take additional actions such as introducing new tax incentives to protect retail investors and savers against inflation. 

Queen Máxima of the Netherlands has called on European financial supervisors to review financial services for their health impact and urged the banking, payments and investment industries to do more to make sure that their clients make well-informed decisions.