Joint trade association letter on the impact of Covid-19 on the implementation of the SRD II

Joint trade association letter on the impact of Covid-19 on the implementation of the SRD II

Thursday 14 April 2020 – The European Banking Federation (EBF), the Association for Financial Markets in Europe (AFME), the International Securities Lending Association (ISLA), the Association of Global Custodians (AGC), the European Central Securities Depositories Association (ECSDA), the Securities Market Practice Group (SMPG), the European Savings and Retail Banking Group (ESBG), the Associazione Intermediari Mercati Finanziari (ASSOSIM), the Association française des Professionnels des Titres (AFTI), the European Association of Co-operative Banks (EACB) and EuropeanIssuers (EI) (together, the “Associations”) appreciate the efforts of regulators to ensure deeper shareholder engagement in corporate governance, however we would like to highlight our deep considerations of the legislative intentions behind the review of the Shareholder Rights Directive (SRD II).

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