Topic: ESMA

Dutch central bank recruits ESMA chair

The Dutch government has hired the head of the European Union’s securities regulator to lead its banking supervision department.

25 March 2021

ESMA taps French regulator for new director

Europe’s securities regulator has gone to France’s financial watchdog for its next executive director.

17 March 2021

ESMA “dancing around the issue” with post-Wirecard transparency proposals

The European securities watchdog is “dancing around the issues” in its new proposals to overhaul the EU Transparency Directive in order to avoid advocating for the expansion of its own mandate, an economist has said.

09 March 2021

EU opens CSDR buy-in regime to the floor

The European Commission has opened the door to amending its central securities depository regulation (CSDR), following industry criticisms over a controversial rule implementing mandatory buy-ins and cash penalties for settlement failures.

09 December 2020

EU unmoved on derivatives obligation, leaving UK to “sort out its own mess”

EU regulator ESMA has refused to budge on rules that will disallow derivatives trading on UK venues once the Brexit transition period ends, leaving the UK at risk of losing its dominance of the multi-trillion dollar global derivatives market.

26 November 2020

ESMA slams “unaligned” German regulators over Wirecard scandal

As German financial regulator BaFin awaits a drastic overhaul of its supervisory powers, the European Securities and Markets Authority has criticised it and accounting watchdog FREP for their “unaligned” handling of the Wirecard accounting scandal.

05 November 2020

Hire suptech talent, FSB urges regulators

Regulators should focus on attracting talent that can develop tailored suptech tools, according to a new report from the Financial Stability Board.

12 October 2020

ESMA to get greater non-EU firm monitoring powers

In a move that could allow European investors to avoid publicly disclosing certain UK-based transactions, the European Securities and Markets Authority has confirmed it will assess UK trading venues before the end of the year –  as the regulator gets greater powers to monitor non-EU firms transacting in the bloc.

05 October 2020

ESMA sets out benchmark parameters for extreme market stress scenarios

The EU’s securities regulator has said benchmark administrators should explain in detail any deviations from their methodology in times of extreme market conditions, after financial institutions noted rebalancing delays at the onset of the covid-19 crisis.

01 October 2020

Community round-up: Libra names second GC in three months, ESMA names CCP committee

O’Melveny & Myers partner Stevan Bunnell has joined Facebook’s cryptocurrency project Libra as chief legal officer, while the European Securities and Markets Authority has nominated members for the central counterparties supervision committee formed under last year’s EMIR revision.

04 September 2020

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