This session will first discuss the current trends regarding retail investment and the main obstacles and challenges to the further development of retail investment across the Union. The panel will also assess the policy priorities for developing retail investment that should be considered in the context of the forthcoming retail investment strategy and how these may build on and complete existing frameworks and on-going initiatives to review capital market regulations (such as the CMU action plan, on-going reviews of MiFID 2, IDD, PRIIPs).
Points of discussion
- How is retail investment evolving in the EU? What changes have been observed since the beginning of the Covid crisis and what are the longer term prospects? Is it relevant that retail investment becomes more prevalent in EU capital markets? What are the main obstacles and challenges to the growth of retail investment in the EU?
- What key policy priorities should be pursued in the forthcoming retail investment strategy? What improvement should be brought to the existing EU distribution frameworks (MIFID 2, IDD, PRIIPs…) and investment product frameworks in the context of their on-going review? Are improvements at the investment product, distribution and investor protection levels sufficient for significantly increasing retail investment or would more structural measures be needed e.g. concerning pensions, tax, the further integration of EU capital markets …?