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Ethics and Conflict of Interests

Ethics and Conflict of Interests

Transparency and professional conduct

Independence and high standards of professional conduct are crucial for ensuring high standards and excellence for the work of ESMA. The agency endeavours to operate in a clear and open manner and is mindful of its duty of transparency towards EU citizens. The agency also strives to ensure that its staff and governing bodies do not have any interests that could affect their impartiality and has put in place specific policies to deal with any potential conflicts of interests. These support the prompt identification and the consequent management of any actual or potential conflict of interests:

Who is concerned?

The Conflict of Interest Policy for ESMA’s governing bodies concerns members of the Board of Supervisors, members of the Management Board, their officially nominated Alternates, Non-voting Members (i.e. heads of national Competent Authorities of Member States of the EEA, representatives of the European Commission, the ESRB, the EBA, and EIOPA), as well as observers and other representatives of national Competent Authorities referred to in Article 40(4) of Regulation (EU) No 1095/2010. All those subject to this policy are required to submit a “Declaration of Interests” which is assessed by ESMA and made publicly available on its website.

The Conflict of interests and ethics policy for staff applies to ESMA staff during their time at ESMA, as well as after.

How is a conflict of interests defined?

A conflict of interests is defined as a conflict between the public duty of ESMA and private interests of an individual or interests of his/her close family members, in which an individual has private-capacity interests which could improperly influence the performance of his/her official duties and responsibilities or could compromise his/her impartiality, objectivity or independence.

ESMA’s Conflict of Interest Policy identifies different kinds of interests that should be reported to and assessed by ESMA. These range from economic interests, memberships, activities with other employers, consultancy activities, intellectual property rights, interests of close family members and any other activities or situations which might create an actual or potential conflict of interests. Wherever a conflict of interests is identified appropriate measures must be taken to either remove it or mitigate it.

Professional conduct: the “Declaration of Intention”

Moreover, all those involved in the activities of ESMA are bound to professional secrecy and to confidentiality requirements pursuant to Article 70 of Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authority).

Members of ESMA’s governing bodies have to confirm their compliance with these requirements on a “Declaration of Intention”. In the case of voting members of the Board of Supervisors, Management Board and their officially nominated alternates, this “Declaration of Intention” is also made public.

ESMA Senior Management

 ESMA iconESMA Chair Steven MAIJOOR Declaration of Interests
 ESMA iconESMA Executive Director Verena ROSS Declaration of Interests

ESMA Governing Bodies

 

National Competent Authorities

 

Country

Authority Member/Alternate Documents
BelgiumBelgium Financial Services and Markets Authority (FSMA)

Jean-Paul SERVAIS (Member)

CV

Declaration of Interests

Declaration of Intention

   

Jean-Michel Van Cottem (Alternate)

CV

Declaration of Interests

Declaration of Intention

BulgariaBulgaria Комисията за финансов надзор (FSC) Karina KARAIVANOVA (Member)

CV

Declaration of Interests

Declaration of Intention

    Boyko Atanasov (Alternate)

CV

Declaration of Interests

Declaration of Intention

Czech RepublicCzech Republic Česká národní banka (CNB) Vojtěch BELLING (Member)

CV

Declaration of Interests

Declaration of Intention

    Karl Juráš (Alternate)

CV

Declaration of Interests

Declaration of Intention

DenmarkDenmark Finanstilsynet Karen Dortea ABELSKOV (Member)

CV

Declaration of Interests

Declaration of Intention

    Anne Bruun (Alternate)

CV

Declaration of Interests

Declaration of Intention

GermanyGermany Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) Elisabeth ROEGELE (Member)

CV

Declaration of Interests

Declaration of Intention

    Hannelore Lausch (Alternate)

CV

Declaration of Interests

Declaration of Intention

EstoniaEstonia Finantsinspektsioon (FSA) Andre NÕMM (Member)

CV

Declaration of Interests

Declaration of Intention

    Kilvar Kessler (Alternate)

CV

Declaration of Interests

Declaration of Intention

IrelandIreland Central Bank of Ireland Derville ROWLAND (Member)

CV

Declaration of Interests

Declaration of Intention

    Martin Moloney (Alternate)

CV

Declaration of Interests

Declaration of Intention

GreeceGreece Ελληνική Επιτροπή Κεφαλαιαγοράς (HCMC) Charalampos GOTSIS (Member)

CV

Declaration of Interests

Declaration of Intention

    Xenophon Avlonitis (Alternate)

CV

Declaration of Interests

Declaration of Intention

SpainSpain Comisión Nacional del Mercado de Valores (CNMV) Sebastián ALBELLA AMIGO (Member)

CV

Declaration of Interests

Declaration of Intention

    Ana María Martínez-Pina García (Alternate)

CV

Declaration of Interests

Declaration of Intention

FranceFrance Autorité des Marchés Financiers (AMF) Robert OPHÈLE (Member)

CV

Declaration of Interests

Declaration of Intention

    Benoît de Juvigny (Alternate)

CV

Declaration of Interests

Declaration of Intention

CroatiaCroatia Hrvatska agencija za nadzor financijskih usluga (HANFA) Ante ŽIGMAN (Member)

CV

Declaration of Interests

Declaration of Intention

    Jurica Jednacak (Alternate)

CV

Declaration of Interests

Declaration of Intention

ItalyItaly Commissione Nazionale per le Società e la Borsa (CONSOB) Prof. Anna Genovese (Member)

 

 

    Carmine Di Noia (Alternate)

CV

Declaration of Interests

Declaration of Intention

CyprusCyprus Επιτροπή Κεφαλαιαγοράς Κύπρου (CySEC) Demetra KALOGEROU (Member)

CV

Declaration of Interests

Declaration of Intention

    Liana C. Ioannidou (Alternate)

CV

Declaration of Interests

Declaration of Intention

LatviaLatvia Finanšu un kapitāla tirgus komisija (FKTK) Gunta RAZANE (Member)

CV

Declaration of Interests

Declaration of Intention

    Sandis Andersmits (Alternate)

CV

Declaration of Interests

Declaration of Intention

LithuaniaLithuania Lietuvos Bankas Mindaugas ŠALČIUS (Member)

CV

Declaration of Interests

Declaration of Intention

    Vaidas Cibas (Alternate)

CV

Declaration of Interests

Declaration of Intention

LuxembourgLuxembourg Commission de Surveillance du Secteur Financier (CSSF) Claude MARX (Member)

CV

Declaration of Interests

Declaration of Intention

    Françoise Kauthen (Alternate)

CV

Declaration of Interests

Declaration of Intention

HungaryHungary Magyar Nemzeti Bank (MNB) Gergő SZENICZEY (Member)

CV

Declaration of Interests

Declaration of Intention

MaltaMalta Malta Financial Services Authority (MFSA) Marianne SCICLUNA (Member)

CV

Declaration of Interests

Declaration of Intention

    Christopher Buttigieg (Alternate)

CV

Declaration of Interests

Declaration of Intention

NetherlandsNetherlands Autoriteit Financiële Markten (AFM) Merel VAN VROONHOVEN (Member)

CV

Declaration of Interests

Declaration of Intention

    Gerben Everts (Alternate)

CV

Declaration of Interests

Declaration of Intention

AustriaAustria Finanzmarktaufsicht (FMA) Klaus KUMPFMÜLLER (Member)

CV

Declaration of Interests

Declaration of Intention

    Birgit Puck (Alternate)

CV

Declaration of Interests

Declaration of Intention

PolandPoland Komisja Nadzoru Finansowego (KNF) Marcin PACHUCKI (Member)

CV

Declaration of Interests

Declaration of Intention

    Ilona Pieczyńska-Czerny (Alternate)

CV

Declaration of Interests

Declaration of Intention

PortugalPortugal Comissão do Mercado de Valores Mobiliários (CMVM) Gabriela FIGUEIREDO DIAS (Member)

CV

Declaration of Interests

Declaration of Intention

    João Sousa Gião (Alternate)

CV

Declaration of Interests

Declaration of Intention

RomaniaRomania Autoritatea de Supraveghere Financiară (ASF) Leonardo BADEA (Member)

CV

Declaration of Interests

Declaration of Intention

    Mircea Ursache (Alternate)

CV

Declaration of Interests

Declaration of Intention

SloveniaSlovenia Agencija za trg vrednostnih papirjev (ATVP) Miloš ČAS (Member)

CV

Declaration of Interests

Declaration of Intention

    Sabina Bester (Alternate)

CV

Declaration of Interests

Declaration of Intention

SlovakiaSlovakia Národná Banka Slovenska (NBS) Vladimír DVOŘÁČEK (Member)

CV

Declaration of Interests

Declaration of Intention

    Tomas Ambra (Alternate)

CV

Declaration of Interests

Declaration of Intention

FinlandFinland Finanssivalvonta (FSA) Anneli TUOMINEN (Member)

CV

Declaration of Interests

Declaration of Intention

    Jarmo Parkkonen (Alternate)

CV

Declaration of Interests

Declaration of Intention

SwedenSweden Finansinspektionen (FI) Erik THEDÉEN (Member)

CV

Declaration of Interests

Declaration of Intention

    Sophie Degenne (Alternate)

CV

Declaration of Interests

Declaration of Intention

UKUnited Kingdom Financial Conduct Authority (FCA) Andrew BAILEY (Member)

CV

Declaration of Interests

Declaration of Intention

    Edwin Schooling Latter (Alternate)

CV

Declaration of Interests

Declaration of Intention

 

European Economic Area Members (Non-Voting)

 

Iceland Fjármálaeftirlitið (FME) Unnur GUNNARSDÓTTIR (Member)

Declaration of Interests

    Páll Friðriksson (Alternate)

Declaration of Interests

LieschtensteinLiechtenstein Finanzmarktaufsicht (FMA) Marcel LÖTSCHER (Member)

Declaration of Interests

    Reto Degen (Alternate)

Declaration of Interests

NorwayNorway Finanstilsynet Anne Merethe BELLAMY (Member)

Declaration of Interests

    Geir Holen (Alternate)

Declaration of Interests

  EFTA Surveillance Authority Frank BÜCHEL (Member)

Declaration of Interests

    Gunnar Thor Petursson (Alternate)

Declaration of Interests

 

EU Institutions (Non-Voting)

 

European Commission   Ugo BASSI Declaration of Interests

 

European System of Financial Supervision

 

European Systemic Risk Board (ESRB)

Francesco MAZZAFERRO

Declaration of Interests
European Banking Authority (EBA)

Adam FARKAS

Declaration of Interests
European Insurance and Occupational Pensions Authority (EIOPA)

Fausto PARENTE

Declaration of Interests

Information on ESMA former Senior Management

No Senior Managers have left ESMA.