Our topics

Financial market supervision

National and European supervisory authorities are an essential precondition for solid and reliable financial markets. We advocate for a clearly delineated mandate for institutions, their supervision by the legislator and consideration for the particular features of local markets. Moreover, appropriate financing for supervisory authorities must be ensured.

Contact
Dr. Gerrit Fey
Chief Economist
Tel. +49 69 92915-41

Investment in shares and securities
Retirement provision
Compliance
Corporate governance and company law
Digital Finance
Financial market supervision
Financial market regulation and real economy
Capital market financing
Sustainability
Publicity and transparency
07.12.2026
10:30 - 16:30 Uhr
18. Jahrestagung "Bilanzkontrolle und Abschlussprüfung"

Sind Sie auf Informationen zu Entwicklungen im Bereich von Accounting, Prüfung und Bilanzkontrolle angewiesen? Unsere Jahrestagung bietet traditionell...

Veranstaltung
Weitere Informationen
21.09.2026
Market Integration Package: For efficient ESMA structures and a level playing field for trading venues

In a brief, we have commented on a selection of the more than 1,500 amendments tabled by the European Parliament to the European Commission’s proposal for the Market Integration Package. In it, we welcome, amongst other things,...

Position papers
08.05.2026
Why Bank Competitiveness Matters Beyond the Financial Sector

The European Commission will publish report on the competitiveness of the EU banking sector. In this context, we advocate reviewing the current regulatory framework for banks in the EU to ensure that it does not hinder the provision of...

Position papers
29.04.2026
ESMA Guidelines on Self-Exemption from Ad Hoc Disclosure Requirements

The European Securities and Markets Authority (ESMA) has launched a consultation on amendments to its supervisory guideline on ad hoc disclosure. The consultation focuses on the grounds on which issuers may exempt themselves from the...

Position papers
20.03.2026
Adapt to the Requirements of Administrative Practice

The circular issued by the Federal Financial Supervisory Authority (BaFin) on administrative practice in takeover law is intended to promote transparency and streamline procedures. Deutsches Aktieninstitut welcomes this important step,...

Position papers
18.03.2025
Leave More Leeway for Contractual Freedom

The European Securities and Markets Authority ESMA has consulted on a Code of Conduct for issuer-paid research. As this draft is based exclusively on French models, we suggest that voluntary codes of conduct from other countries should...

Position papers
26.02.2024
Urgent capacity expansion for financial transaction investigations fails to materialize

The EU member states and the European Parliament have decided that the EU's new anti-money laundering authority "AMLA" will come to Frankfurt. This decision is to be welcomed, as synergies can be created in cooperation with the ECB. In...

Financial market supervision
21.05.2021
No extension of ESMA's competence due to Wirecard

In our response to the EU consultation on more supervisory convergence in Europe, we advocate that experts from the business community be more and better involved in ESMA's regulatory work. In addition, we warn that ESMA's competences...

Position papers
20.02.2018
Proposal to reform the European Supervisory Authorities sets wrong priorities

From the point of view of Deutsches Aktieninstitut, the proposal of the EU Commission disproportionately extends the competences of the European Securities and Markets Authority (ESMA) without sufficiently addressing the issue of...

Position papers