ANBIMA’s Agenda for 2023-24
We have created a strategic plan with all the actions we will work on over the next two years. The ANBIMA’s workplan for 2023/24 is called ANBIMA em Ação. It was built upon a regular annual exercise of priorities’ identification among members and leveraged from a broad survey conducted in 2022 with our stakeholders, resulting in a two years’ planning organized in three agendas:
I - Market Development Agenda – will bring together initiatives in the fields of regulation, self-regulation and our institutional representation, and comprise policies addressing new business or developments, updates in the regulatory framework and SRO role, investors’ centricity, and other topics of interest, as it follows:
- New business/developments - includes work lines related to (i) new entrants’ regulation, avoiding regulatory arbitrage, (ii) CBDC and digital and tokenized assets, (iii) promoting market infrastructure development, (iv) fostering primary offering coordinators, (iv) supporting the progress of ESG agenda in the buy and sell side, (v) developing the rules for carbon credit markets, (vi) promoting credit and exchange market trading.
- Regulatory priorities – support the implementation of new regulatory frameworks related to (i) investment funds, (ii) public offerings, (iii) transparency in the distribution of investments products.
- Investor’s centricity – enhance investors’ role in relation to advisory and investment channels, promote the discussion regarding long term savings and enhance the investor’s experience on the investment process.
- Institutional affairs – establish an agenda with stakeholders of interest, expanding the Association’s relations with national and international market entities.
II - ANBIMA’s Services Agenda – The main initiatives within the multiple services provided by ANBIMA such as market data, certification of professionals, asset pricing and communication with members includes:
- Data - To enhance market data services aiming at the provision of information to members with potential customization choices.
- Pricing - To broaden pricing activities, targeting both an expanded sample of assets covered and further opportunities to enhance price transparency.
- Education/ certification – To promote on-going education for market professionals and enable cumulative experts’ certifications.
- Self-regulation – To foster investors’ centricity as a cross-cutting trend for the activities represented by the Association, starting from rule making duties.
Besides that, ANBIMA has also defined an initiative regarding communication with members. The main initiatives target the adoption of distinct meetings’ templates and interactions to facilitate and foster membership’s connection and engagement.
III - Structuring Agenda – The actions on this agenda includes topics with the potential to transform the industry and impact the institutions’ business. Among the themes included are Sustainability, Innovation and Education as detailed below. The idea is to bring to the debate a wide range of interlocutors, such as consultancies, fintechs, regulators and other entities/ participants that can contribute to the formation of our position on each theme.
- Sustainability – ANBIMA established in its self-regulation criteria for the identification of ESG funds, starting with equity and fixed income funds. Right now, the Association is working to expand the rules for ABS funds, multimarket funds, index funds and fund of funds. As a next step, the rules will also be expanded to real estate and private equity funds. To help institutions on the path of sustainability, ANBIMA has released two guides, one ESG aspects for asset managers and investment funds, and other on Sustainable Bonds Besides that, under the structuring agenda mentioned in question (1), ANBIMA’s goal is to provide an environment for exchanging understandings and experiences on various subjects, including sustainability.
- Innovation –Support local market participants with regards to the necessary shifts responding to the structural changes brought by new technologies, new players and business models is one of the main initiatives for the next years – e.g. the Open Journey of Innovation is a set of online and free events to take place from April to June 2023, through zoom platform, such as showcases with experts for the discussion of good practices, and pitch days for the display of start-ups’ solutions for capital market challenges raised by our members. Discussions on how new assets and services impact “traditional” investments and services.
- Education – To focus on investors’ education as a pre-condition of sustainable business for members – e.g. Initiatives targeting Investment Influencers include mapping and updated public reports about FInfluencers, identification of trends and partnerships within capital market and monitoring those agents linked to members, under the umbrella of self-regulation.
To follow the progress of ANBIMA em Ação, access our special page (Portuguese version only).
Capital market, taxation, long-term savings, innovation and ethics and regulation. See below the goals and initiatives of each: