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Date | Ref. | Title | Section | Type | Download | Info | Summary | Related Documents | Translated versions |
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03/10/2018 | ESMA71-99-1046 | WP 2019 Press Release | Board of Supervisors, Corporate Information, Planning reporting budget | Press Release | PDF 282.94 KB |
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17/02/2016 | 2016/300 | Warning- Unauthorised use of ESMA’s identity and logo | Corporate Information, Press Releases | Press Release | PDF 149.72 KB |
Unauthorised use of ESMA’s identity and logo The European Securities and Markets Authority (ESMA) has been informed that its identity and logo have been used in communications targeting company employees in order to request the transfer of company money. In addition, ESMA has been informed that attempts were made to use the name of a senior member of ESMA staff also for the purpose of fraudulent scams targeting a savings bank and a listed issuer. Please note that all references to ESMA or any ESMA employees in these communications, which do not originate from ESMA, are entirely false and have been made without ESMA’s knowledge or consent. In order to protect yourself against these unauthorised communications, ESMA advises you:
Be aware that fraudsters might use ESMA’s name, logo or the name of an ESMA staff member, a bogus website which appears to be that of ESMA, and/or make bogus references to people said to work in ESMA. Be aware of the following when making your checks:
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12/10/2020 | ESMA22-105-1248 | Steven Maijoor Opening Statement for ECON Hearing 12 October 2020 | Board of Supervisors, Brexit, Corporate Information, COVID-19, Joint Committee, Speeches | Statement | PDF 134.36 KB |
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23/09/2014 | 2014/1164 | Statement by Steven Maijoor, Chair, European Securities and Markets Authority at the ECON Committee, European Parliament 23 September 2014 | Corporate Information | Statement | PDF 109.53 KB |
Dear Members of the European Parliament, Ladies and gentlemen, First of all, I would like to congratulate you on your election or re-election as a Member of the European Parliament and as a member of this important committee. Call it a “Single Capital Market” or “Capital Market Union”, the financial regulatory reform in the European Union (EU) in the last five years has made solid progress and is a decisive step towards the aim of completing the single market in financial services. This is not only a necessity to tackle failures exposed by the financial crisis, it is also a crucial part of realising the overriding objective of securing economic recovery in the EU. However, it will only reach its full potential if the single rule book is applied consistently and supervised adequately so that all stakeholders can benefit from it in daily practice. ESMA plays a key role in achieving this objective, by enhancing investor protection and by promoting stable and orderly financial markets in the EU. Since its inception three and a half years ago, ESMA has contributed to the creation of an EU single rulebook by developing technical standards and guidelines, and by assisting the European Institutions, and the European Commission in particular, in providing technical advice on such areas as: over-the-counter (OTC) derivatives, hedge funds and private equity, short selling, high frequency trading, Exchange-Traded Funds (ETFs), investment advice and financial information. In the last 12 months, ESMA finalised 22 technical standards and pieces of technical advice to the European Commission, as well as seven sets of guidelines, in order to complete the legal framework in areas such as Credit Rating Agencies, prospectuses, market infrastructures, European Social Entrepreneurship Funds and European Venture Capital Funds. We are currently translating the recently agreed MiFID II/MiFIR requirements into practically applicable rules. I will not run through all the work we have done on the single rulebook in that time as you can find an overview and some statistics in the Annex to my Statement which was distributed to you. I would like to stress that throughout the entire policy process we engage as much as possible with all relevant stakeholders – through hearings, direct meetings and consultations. We have – and will continue – to interact with many stakeholder associations representing consumers, investors and market participants - and solicit the views of ESMA’s Securities and Markets Stakeholders Group (SMSG). To mention two examples, right now we are assessing the almost 800 responses we have received to our MiFID II discussion and consultation papers and ESMA has received more than 1500 questions on the implementation of the European Market Infrastructure Regulation (EMIR). ESMA has successfully developed a regime of direct supervision at EU level. We supervise 23 credit rating agencies by conducting thematic investigations, on-site visits, analysing the information CRAs provide to the public and by monitoring the implementation of remedial action plans. In June this year, ESMA concluded its first enforcement action and issued a public notice censuring Standard & Poor’s Credit Market Services France SAS and Standard & Poor’s Credit Market Services Europe Limited (S&P) for failing to meet certain organisational requirements. EMIR brings more transparency to derivatives markets by introducing mandatory reporting to trade repositories (TRs). Since November 2013, six repositories have been registered and are now supervised by ESMA. Since reporting under EMIR went live, derivatives trade data has flowed into the repositories: as of 30 June 2014, more than 1 billion new trades have been reported to the TRs. Regulators now have access, or are in the process of establishing access, to derivatives data which should help in providing a clearer picture on the risks associated with those markets. On identifying risks to investor protection and stability, ESMA has substantially improved its data and intelligence gathering capabilities. Risks in securities markets are, for example regularly, identified and reported on in ESMA’s Trend, Risk and Vulnerabilities Report. Concerning the convergence of supervisory practices we have employed a range of instruments, including Q&As, opinions and peer reviews. Regarding peer reviews, we have strengthened our methodology, including the more frequent use of on-site visits. More generally, with the reform of financial markets moving from legislation to implementation, supervisory convergence will become a higher priority in ESMA’s activities and we will increase our resources allocated to this area. That brings me to the last topic I would like to raise, which I also brought to this Committee’s attention last year, the need for a stable budget. Today, our funding comes from a combination of the EU budget, levies on the financial market entities that we supervise directly, and the Member States’ national competent authorities. We are concerned that an increasing budget contribution from national competent authorities might pose undue difficulties to their functioning. This would run counter to the reinforcement of securities markets regulation and supervision at both EU and national level as envisaged in the regulatory reform programme. ESMA’s funding should guarantee its independence and not create potential undue influence. Therefore, we believe that the co-legislators should consider increasing the funding ESMA receives from financial market entities which require ESMA’s intervention and to increase the Union’s share in ESMA’s budget through an independent budget line directly adopted by the co-legislators. Thank you for your attention. | |||
30/09/2013 | ESMA/2013/1363 | Statement by Steven Maijoor, Chair European Securities and Markets Authority, ECON Committee, European Parliament 30 September 2013 | Corporate Information | Statement | PDF 113.71 KB |
Annex to the Statement by Steven Maijoor, Chair of ESMA, to the ECON hearing, 30 September 2013 ESMA/2013/1350 | |||
05/07/2018 | ESMA71-99-999 | SMSG Renewal July 2018 Press Release | Press Releases, Securities and Markets Stakeholder Group | Press Release | PDF 146.18 KB |
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28/10/2019 | ESMA22-106-1990 | SMSG Opinion on ESMA's Report on performance and cost of retail investment products | Securities and Markets Stakeholder Group | Opinion | PDF 148.41 KB |
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31/10/2018 | ESMA22-106-1296 | SMSG Opinion on EC request to ESAs on cost and performance of retail investment, insurance and pension products | Securities and Markets Stakeholder Group | Opinion | PDF 152.91 KB |
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14/04/2021 | ESMA71-99-1637 | Retail clients continue to lose out due to high investment products costs | Fund Management, Risk Analysis & Economics - Markets Infrastructure Investors | Press Release | PDF 105.12 KB |
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10/03/2011 | 2011/11 | Public statement of consultation practices | Corporate Information | Statement | PDF 102.44 KB |
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03/04/2020 | ESMA34-39-969 | Public Statement of Consultation Practices | Board of Supervisors, Corporate Information | Statement | PDF 191.73 KB |
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11/01/2013 | 2013/12 | Principles for Benchmarks-Setting Processes in the EU | Risk Analysis & Economics - Markets Infrastructure Investors | Consultation Paper | PDF 259.33 KB |
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03/11/2021 | ESMA71-99-1749 | Press_Release_New Chair_Ross November FINAL | Board of Supervisors, Corporate Information, Joint Committee, Management Board, Press Releases | Press Release | PDF 81.42 KB |
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26/11/2020 | ESMA71-99-1442 | Press_Release_ESMA Chair Candidates Shortlist | Board of Supervisors, Corporate Information, Press Releases | Press Release | PDF 109.44 KB |
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06/09/2018 | ESMA71-99-1027 | Press release- Volatility spikes underline fragilities and risks to EU securities markets and investors | Press Releases, Risk Analysis & Economics - Markets Infrastructure Investors | Press Release | PDF 237.66 KB |
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12/10/2011 | 2011/339 | Press release- ESMA Stakeholder Group elects Guillaume Prache as chair, Judith Hardt and Peter de Proft as vice-chairs | Press Releases, Securities and Markets Stakeholder Group | Press Release | PDF 29.29 KB |
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11/03/2015 | 2015/562 | Press release- ESMA sees continued tense securities market conditions | Risk Analysis & Economics - Markets Infrastructure Investors, Press Releases | Press Release | PDF 141.95 KB |
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04/10/2016 | 2016/1432 | Press release- ESMA reports on shadow banking, leverage and pro-cyclicality | Post Trading, Press Releases, Risk Analysis & Economics - Markets Infrastructure Investors | Press Release | PDF 151.69 KB |
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21/05/2015 | 2015/876 | Press Release- ESMA publishes response to Capital Markets Union Green Paper | Corporate Information, Press Releases | Press Release | PDF 41.37 KB |
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16/02/2015 | 2015/281 | Press Release- ESMA publishes annual report and supervisory focus for CRAs and TRs | Corporate Information, Credit Rating Agencies, Post Trading, Press Releases | Press Release | PDF 186.67 KB |
The European Securities and Markets Authority (ESMA) has published today an annual report (Report) on its direct supervisory activities in 2014 regarding credit rating agencies (CRAs) and trade repositories (TR). The report summarises the key actions taken during 2014 and outlines ESMA’s supervisory work plans for both sectors for 2015. |