EFFAS EFFAS

Login to your account

Username *
Password *
Remember Me
  • Forgot your password?
  • Forgot your username?

Main Menu

  • Home
  • About Us
    • Executive Management Committee
    • EFFAS Charter
    • Annual Reports
    • Principles Of Ethical Conduct
    • Commissions
      • CESG - Environment, Social and Governance
      • CMC - Capital Markets
      • CFR - Commission on Financial Reporting
      • TQC - Training and Qualification
    • International Relationships
    • History
    • Main Activities
    • Member Societies
    • Arbitration Board
    • Our Partners
  • Events
    • Seminars & Conferences
    • Summer School
    • EFFAS CESG Conference
    • EFFAS Governance Meetings
  • Papers
    • EFFAS Standard Setter
    • EFFAS Position Papers
    • Articles
    • Videos
  • Education And Qualification
    • Certified European Financial Analyst (CEFA)
    • EFFAS Certified ESG Analyst (CESGA®)
    • Financial Modelling Certifications (MODEX)
    • Certified International Investment Analyst (CIIA)
    • EFFAS E-Learning Platform
    • EFFAS Common Exams
    • Scholarships and Grants
  • News and Press Center
    • News and Press Center
    • EFFAS Newsletter
    • ESG News Bulletin
    • Financial Regulation and Funds Newsletter
  • Jobs offers
    • United kingdom
    • Germany
    • France
    • Spain
    • Hungary
  • Legal
    • Privacy and Cookies Policy
    • Legal Notice
  • Summer School
  • Contact
  • Home
  • About Us
    • Executive Management Committee
    • EFFAS Charter
    • Annual Reports
    • Principles Of Ethical Conduct
    • Commissions
      • CESG - Environment, Social and Governance
      • CMC - Capital Markets
      • CFR - Commission on Financial Reporting
      • TQC - Training and Qualification
    • International Relationships
    • History
    • Main Activities
    • Member Societies
    • Arbitration Board
    • Our Partners
  • Events
    • Seminars & Conferences
    • Summer School
    • EFFAS CESG Conference
    • EFFAS Governance Meetings
  • Papers
    • EFFAS Standard Setter
    • EFFAS Position Papers
    • Articles
    • Videos
  • Education And Qualification
    • Certified European Financial Analyst (CEFA)
    • EFFAS Certified ESG Analyst (CESGA®)
    • Financial Modelling Certifications (MODEX)
    • Certified International Investment Analyst (CIIA)
    • EFFAS E-Learning Platform
    • EFFAS Common Exams
    • Scholarships and Grants
  • News and Press Center
    • News and Press Center
    • EFFAS Newsletter
    • ESG News Bulletin
    • Financial Regulation and Funds Newsletter
  • Jobs offers
    • United kingdom
    • Germany
    • France
    • Spain
    • Hungary
  • Legal
    • Privacy and Cookies Policy
    • Legal Notice
  • Summer School
  • Contact
  1. Home
  2. News and Press Center
  3. News and Press Center
  4. The analysts’ coverage on the Small&Mid Caps listed on the Italian Stock Exchange market

The analysts’ coverage on the Small&Mid Caps listed on the Italian Stock Exchange market

EFFAS Conferences

The low market capitalisation and the poor liquidity of many stocks together with the impact of the financial crisis on the economics of the sell-side brokers caused a serious depletion in the companies coverage, especially of those belonging to the S&M Caps segment. Yet, today many companies, are not covered by fundamental research or are followed by just a broker; thus affecting the efficiency of the whole market and the level of information available for investors. AIAF has proposed to introduce and regulate a new figure: the “Research Provider”, publishing pure fundamental research notes on companies with a market capitalisation and/or a stock liquidity below certain levels, which today are not covered by any analyst or are covered by just one broker. The intervention of the Research Provider would not be mandatory but “highly recommended” by the market Authority for those companies.

The second part of its proposal, AIAF promoted a “systemic” and “coordinated” approach by all the main stakeholders (domestic Stock Exchange, Regulators, Issuers, Association of Fund Managers, Public Authorities, etc.) to split the cost of the Research Provider for those companies that require its intervention. Finally AIAF is evaluating the opportunity to create and support a team of independent analysts writing fundamental research on uncovered stocks. This would give a working opportunity for those analysts who lost their job and wish to remain in the sector and for the people attending the AIAF courses willing to start the career of a financial analyst. 

http://www.aiaf.it/


  • Prev
  • Next

Latest News

26 February 2021

EXPLANATORY WEBINAR: POST-IMPLEMENTATION REVIEW OF CONSOLIDATED FINANCIAL STATEMENTS, JOINT ARRANGEMENTS AND DISCLOSURES – A USER’S PERSPECTIVE

Frankfurt, 25 February 2021 On Monday 1 March 2021 from 10:00 to 11:30 CET there will be a public explanatory Webinar from EFRAG EFFAS ABAF/BVFA IASB titled: Post- Implementation Review of...

Read More...
 More than 1,200 asset managers already have the EFFAS ESG analyst certification, CESGA
25 February 2021

More than 1,200 asset managers already have the EFFAS ESG analyst certification, CESGA

Frankfurt, 24 February 2021 A total of 1,268 asset managers from around the world already have the CESGA® title, an analyst certificate in ESG (Environmental, Social and Governance), from the European...

Read More...
19 February 2021

ESMA WEBINAR – WORKING PAPER ON MIFID II RESEARCH UNBUNDLING

Frankfurt, 19 February 2021 ESMA will hold on Tuesday 25 February 2021 a webinar to present the working paper and its findings, followed by a Q A session. The European Securities...

Read More...
04 February 2021

IFRS Foundation Trustees announce next steps in response to broad demand for global sustainability standards

Frankfurt, 3 February 2021 The Trustees of the IFRS Foundation met on 1 February 2021 to review responses to the first three questions of their consultation paper on sustainability reporting –...

Read More...

Navigation

  • News and Press Center
  • EFFAS Newsletter
  • ESG News Bulletin
  • Financial Regulation and Funds Newsletter

Legal

  • Privacy and Cookies Policy
  • Legal Notice

About Us

  • Charter
  • Annual Records
  • Principles of Ethical Conduct
  • Commissions

Training

  • Certified European Financial
    Analyst (CEFA)
  • Certified Enviromental Social and Governance Analysts (CESGA)
  • Financial Modelling Certifications
    (Modex)
  • Certified International Investment
    Analyst (CIIA)

Other

  • Events
  • Papers
  • News and Press Center
  • TQC
Copyright © 2021 EFFAS : European Federation of Financial Analysts Societies. All Rights Reserved.