The ACI Financial Markets Association (ACI FMA), Association for Financial Markets in Europe (AFME), Alternative Investment Management Association (AIMA), European Association of Co-operative Banks (EACB), European Association of Public Banks (EAPB), European Banking Federation (EBF), European Fund and Asset Management Association (EFAMA), European Savings and Retail Banking Group (ESBG), Futures Industry Association (FIA), International Swaps and Derivatives Association (ISDA), International Capital Market Association (ICMA), Managed Funds Association (MFA), hereafter referred to as ‘The Associations’ are writing to you regarding the application of annual best execution reports in accordance with RTS 28 on 30 April 2024.
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The European Savings and Retail Banking Group (ESBG) submitted its response to the consultation launched by the European Banking Authority (EBA). ESBG insists on the need for consitency with CSRD and…