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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
20/06/2017 WP12017 ESMA working paper on collateral scarcity premia in Euro area repo markets Reference PDF
1.01 MB
01/12/2016 RD 2016/04 ESMA Risk Dashboard No. 4 2016 Reference PDF
848.82 KB
26/03/2021 JC 2021 19 Joint Committee Q&As relating to the Securitisation Regulation Q&A PDF
279.8 KB
23/05/2018 JC 2018 14 reply form Reply form- Consultation Paper Securitisation/Emir clearing obligation , Reference DOCX
764.86 KB
22/03/2019 esma_50-158-1567 Presentation on short-termism Reference PDF
152.78 KB
27/05/2021 esma82-402-514 Response_form_CP_STS_RTS_ITS_SECR Reference DOCX
770.72 KB
06/12/2017 ESMA71-99-669 ESMA MIFID and MAR Data Systems , , , Reference PDF
208.06 KB
15/09/2020 ESMA65-8-6469 Securitisation Disclosure Templates Reporting Instructions-Dec 2019 Reference PDF
839.83 KB
19/08/2020 ESMA65-8-6469 Securitisation Disclosure Templates Reporting Instructions Reference PDF
1.01 MB
19/08/2020 esma65-8-6469 securitisation_disclosure_templates_xml_schema_1.1.0 Reference ZIP
8.04 MB
19/08/2020 esma65-8-6469 securitisation_disclosure_templates_xml_schema_1.2.0 Reference ZIP
8.18 MB
10/09/2019 ESMA50-165-884 ESMA Risk Dashboard No. 3 2019 Reference PDF
618.93 KB
10/09/2019 ESMA50-165-875 ESMA report on trends, risks and vulnerabilities no.2 2019- statistical annex Reference PDF
1.39 MB
06/11/2017 ESMA50-165-422 The impact of charges on mutual fund returns- correction , , Reference PDF
590.09 KB

ERRATUM - In the original version of this document published on 19 October 2017 in table V.3 on page 4, the values in the last four rows of column five were accidentally misreported. For this reason, ESMA now provides a corrected version, including the corrected values and a footnote pointing to the initial mistake.

ESMA carried out a first analysis on fund performance measures, developing initial metrics to analyse the impact of ongoing fees, one-off charges and inflation on the returns of mutual funds. Key preliminary results for the EU fund industry show: Substantial reduction in net returns available to investors, especially in the retail sector and weakly cost- or price-sensitive investment decisions by retail investors

On average ongoing fees and one-off charges and inflation-reduced returns available to investors by 29% of gross returns between 2013 and 2015. These reductions apply to all market segments, while varying across jurisdictions, asset classes and client types. Relative return reductions range from 11% for passive equity fund shares to 44% for retail fund shares in bond mutual funds. Relative and absolute return reductions for actively managed and retail fund shares tend to exceed those of passively managed and institutional fund shares. Despite the impact of fees and charges on the net outcome to investors, these do not seem to be reflected in investor choices.

19/10/2017 ESMA50-165-421 EU derivatives markets ─ a first-time overview , , , Reference PDF
477.35 KB
20/03/2017 ESMA50-165-287 ESMA Risk Dashboard No. 1, 2017 Reference PDF
923.68 KB
11/11/2020 ESMA50-165-1371 ESMA Risk Dashboard No. 2 2020 Reference PDF
621.57 KB
02/09/2020 ESMA50-165-1274 ESMA report on trends, risks and vulnerabilities no.2 2020- statistical annex Reference PDF
3.26 MB
14/05/2020 ESMA50-165-1179 ESMA Risk Dashboard No. 1 2020 Reference PDF
649.24 KB
19/02/2020 ESMA50-165-1041 ESMA TRV No 1 2020 Annex Reference PDF
1.54 MB

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