Position Papers

With our position papers we engage in political debates and expert discussions regarding capital market issues - representing the interests of our members. Each year, numerous and detailed positions cover the various areas of our work: the primary market, the secondary market, the governance of listed companies and the economic education.

Below you will find our position papers which focus on European legislation - mostly in English and partially in German language. All our positions including papers with focus on national topics you will find on our German website.

On the 25th of May 2017 a code of conduct for FX markets (“FX Global Code”) was published, which has been developed by an international cross-sectorial expert group led by major central banks.

Deutsches Aktieninstitut supports the Code. Its principles aim at strengthening market integrity in the interest of all market participants and offer guidance for good conduct for the FX business while being proportionate to the size, the role and the importance of the various market participants. The integrity and efficiency of FX markets is essential for benefiting from the opportunities of globalisation of financial markets as well as the markets for goods and services. Deutsches Aktieninstitut therefore encourages its members to perform their FX transactions consistent with the Code and to consider confirming this in public (e.g. through the “Statement of Commitment” attached to the Code).

Frankfurt, June 2017