ESMA's 2023 Investment Insights 🇪🇺
The European Securities and Markets Authority (ESMA) released its 2023 data on cross-border investment activity. Key findings include 386 firms providing cross-border services to approximately 8 million retail clients within the EU/EEA, with a 1.6% increase in firms and a 5% increase in clients from 2022. Notably, complaints rose by 31%. Cyprus, Luxembourg, and Germany are leading locations for these firms, while Germany, France, Spain, and Italy are primary client destinations. This data aids ESMA and national authorities in enhancing monitoring and understanding of cross-border investment services.
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esma.europa.eu/press-news/es…#ESMA#InvestmentData#CrossBorderActivity#RetailClients#FinancialRegulation#InvestmentFirms#MarketTrends#FinancialServices#EUInvestment#ClientComplaints#FinancialMonitoring