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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
17/10/2013 2013/1486 International coordination of the regulation and supervision of OTC derivatives markets- American Bar Association, Fall Conference 2013, London- Steven Maijoor, ESMA Chair Speech PDF
182.66 KB
05/11/2013 2013/1582 ESMA–Issues and Priorities, EFAMA Management Forum, Brussels- Steven Maijoor ESMA Chair Speech PDF
114.57 KB
ESMA – Issues and Priorities EFAMA Management Forum, Brussels Steven Maijoor, European Securities and Markets Authority Chair
11/11/2013 2013/1637 Keynote Speech at Financial Reporting Outlook (Ernst & Young) Conference, London , Speech PDF
167.91 KB

Steven Maijoor, Chair of the European Securities and Markets Authority (ESMA), delivered the keynote speech at the Ernst & Young Financial Reporting Outlook Conference in London.

11/03/2013 2013/279 "Regulation of systemically important financial institutions and of the shadow banking system"- speech by Steven Maijoor, Chair, at the CDU/CSU congress in Berlin , Speech PDF
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11/03/2013 2013/279 Regulation of systemically important financial institutions and of the shadow banking system Speech PDF
102.94 KB

Regulation of systemically important financial institutions and of the shadow banking system - speech by Steven Maijoor, Chair, at the CDU/CSU congress in Berlin

27/03/2013 2013/428 "EMIR: A Fair Price for Safety and Transparency"- speech by Steven Maijoor, ESMA Chair, at the EMIR conference in the Hague Speech PDF
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27/03/2013 2013/428 EMIR: A Fair Price for Safety and Transparency , Speech PDF
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EMIR: A Fair Price for Safety and Transparency - speech by Steven Maijoor, ESMA Chair, at the EMIR conference in the Hague

26/04/2013 2013/514 Towards an EU-Securities Market: Challenges for Banks. ESMA Executive Director, Verena Ross Speech PDF
84.88 KB
25 April 2013, National Bank of Belgium, Brussels European Banking Federation Conference – National Bank of Belgium        
24/05/2013 2013/603 ESAs—Achievement and Challenges, by Steven Maijoor, Chair of ESMA , Speech PDF
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  ESAs – Achievement and Challenges Public Hearing on Financial Supervision in the EU 24 May 2013, Brussels Speech by Steven Maijoor, Chair  

19/06/2013 2013/797 Keynote Speech- ISLA 22nd Annual Conference, Prague- Steven Maijoor, ESMA Chair Speech PDF
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Keynote Speech - ISLA 22nd Annual International Securities Lending Conference  19 June 2013, Prague Speech by Steven Maijoor, Chair
27/06/2013 2013/826 Keynote Speech- FESE Convention 2013, Berlin- Steven Maijoor, ESMA Chair Speech PDF
184.01 KB
15/10/2014 2014/1265 Keynote Speech- Steven Maijoor, ESMA Chair, at La Nueva Financiera Regulacion, Madrid Speech PDF
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Steven Maijoor, ESMA Chair, delivered a keynote speech at CNMV Conference La Nueva Financiera Regulacion in Madrid. His speech focused on the ESAs role in financial consumer protection:Exerpt "The three European Supervisory Authorities (ESAs) – the European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA) – work on improving consumer protection by contributing to a higher degree of regulatory and supervisory convergence across EU financial markets and securing cross-border coordination. We do this primarily by enhancing investor protection when creating the single rulebook for EU financial markets, but also by more direct measures such as issuing EU-wide investor warnings.Indeed, ESMA plays a key role in the completion of EU financial markets legislation developed by the European Commission, the European Parliament and the Council of the European Union. Two legislative acts are currently high on our agenda in this respect – and I guess also high on the agenda of many people in the audience here today – that I must speak about them: PRIIPs and the MiFID review."
05/11/2014 2014/1333 Asset management – The regulatory challenges ahead- Steven Maijoor at EFAMA Investment Management Forum Speech PDF
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Steven Maijoor, ESMA Chair, delivered the keynote speech at EFAMA's Investment Management Forum in Brussels. His speech focused on the regulatory challenges ahead for the asset management sector. "It is very good to be back again at this important event. Before coming here today I had the chance to surf the EFAMA website and it struck me that your website is as overrun as ESMA’s website is with the many well-known European acronyms that have become part of our standard vocabulary in financial markets. This observation also made it clear to me that the topics that keep both our organisations busy are very similar. Given the current activities of ESMA, you probably expect me to structure my contribution according to these acronyms and inform you on all of our current regulatory work that is relevant for the asset management sector. However, I would like to start first with an economic perspective on asset management, but let me assure you that later in my contribution I will not disappoint you and will refer to AIFMD, MIFID, UCITS and PRIIPs."
06/11/2014 2014/1339 Capital Markets Union: building competitive, efficient capital markets trusted by investors , Speech PDF
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Steven Maijoor, ESMA Chair, spoke at the joint EU Commission/Italian Presidency Growth for Finance Conference in Brussels - " Excerpts "Following its launch by President Juncker in July 2014, the Capital Markets Union (CMU) is now a concept under construction and I am very happy to have been invited to contribute today to its development. When doing so, we should remember the clear objective from President Juncker who stated that the CMU should maximise the benefits of capital markets and non-bank financial institutions for the real economy. "Despite the many efforts of the past four decades, and the good results achieved, the EU capital market is still fragmented which limits its potential. For example, an institutional investor wanting to invest in a mid-sized company will still have a strong bias towards companies in its own Member-State. There are transactions not happening that otherwise would be beneficial both for the investor and the company because of this home bias. The reason for this stems from a complex set of barriers relating to such issues as transparency of Small and Medium-sized Entities (SMEs), differences in their governance and cross-border differences in the ownership of shares. In sum, we are only halfway there. While the EU capital market has integrated steadily in the past four decades it is not yet comparable with, for example, the US capital market. With a five year time-horizon in mind, what is needed to achieve a strong and integrated capital market to increase capital availability and to support economic growth in all 28 Member States? In my view, there are four main building blocks: (1) greater diversity in funding; (2) increasing the efficiency of capital markets; (3) strengthening and harmonisation of supervision; and (4) increasing the attractiveness of capital markets both for EU investors and for investors from outside the Union. "The CMU should be based on an accelerated integration of the capital markets of the 28 Member States. The end goal should be a CMU that is competitive, efficient and that provides a wide range of funding channels. Above all, it should be trusted by investors."
18/11/2014 2014/1371 Call for expressions of interest: Consultative Working Group for ESMA’s Financial Innovation Standing Committee Reference PDF
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ESMA today launches a process to renew the composition of the Consultative Working Group (‘CWG’) for the Financial Innovation Standing Committee (’FISC’). ESMA is therefore calling for expressions of interest from stakeholders. Application procedure, closing date Relevant stakeholders meeting the required selection criteria and wishing to apply for a position on the CWG are invited to submit, in English: a completed application form (see separate document), and a detailed curriculum vitae (CV), preferably in the EU CV format - the link to the template for this is: http://europass.cedefop.europa.eu/europass/home/hornav/Downloads/Europas... It is optional for applicants to attach a motivation letter (2 pages maximum). Unclear or incomplete applications will not be considered. Applications must be submitted by email using the application form by no later than 31 December 2014 to the following email addresses: patrick.armstrong@esma.europa.eu and anne.chone@esma.europa.eu.
18/12/2014 2014/1378 Opinion- Investment-based crowdfunding Opinion PDF
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Crowdfunding is a means of raising finance for projects from ‘the crowd’ often by means of an internet-based platform through which project owners ‘pitch’ their idea to potential backers, who are typically not professional investors.  It takes many forms, not all of which involve the potential for a financial return.  ESMA’s focus is on crowdfunding which involves investment, as distinct from donation, non-monetary reward or loan agreement.  Crowdfunding is relatively young and business models are evolving. EU financial services rules were not designed with the industry in mind. Within investment-based crowdfunding a range of different operational structures are used so it is not straightforward to map crowdfunding platforms’ activities to those regulated under EU legislation. Member States and NCAs have been working out how to treat crowdfunding, with some dealing with issues case-by-case, some seeking to clarify how crowdfunding fits into existing rules and others introducing specific requirements.To assist NCAs and market participants, and to promote regulatory and supervisory convergence, ESMA has assessed typical investment-based crowdfunding business models and how they could evolve, risks typically involved for project owners, investors and the platforms themselves and the likely components of an appropriate regulatory regime. ESMA then prepared a detailed analysis of how the typical business models map across to the existing EU legislation, set out in this document.
19/11/2014 2014/1382 Regulatory measures to prevent another crisis- speech by Steven Maijoor , Speech PDF
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Steven Maijoor, Chair of ESMA, gave the keynote speech at the "Regulatory measures to prevent another crisis?" event organised by the CFA Institute in Brussels, Belgium.
27/11/2014 2014/1434 Henri Sijthoff Prijs 2014- keynote speech by Steven Maijoor Speech PDF
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Steven Maijoor delivered the key note speech of the 2014 Henri Sijthoff award in Amsterdam. In his speech Mr Maijoor focuses on how the adoption of International Financial Reporting Standards (IFRS) for the consolidated financial statements of companies listed on EU regulated markets since 2005 has contributed to the quality of financial reporting and to the development of the EU Single Market. Looking ahead, Mr Maijoor focuses on three challenges the need for companies to provide investors with clear and consistent information and to continue the efforts towards global adoption whilst regretting that there is limited prospect for broad adoption by the United States of America (USA) and Japan, two countries playing an important role in regulating international financial markets. Thirdly, Mr Maijoor emphasises that the consistent application of IFRS is essential within a Single Market; this can be achieved through equipping national supervisory authorities with sufficient and similar tools to detect and remedy non-compliance with IFRS principles but also the need for a new instrument that would allow to intervene when a national authority would diverge from the views of its EU peers.  
12/12/2014 2014/1434 EN Henri Sijthoff Prijs 2014- keynote speech by Steven Maijoor Speech PDF
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Steven Maijoor delivered the key note speech of the 2014 Henri Sijthoff award in Amsterdam. This is the translation of the speech. In his speech Mr Maijoor focuses on how the adoption of International Financial Reporting Standards (IFRS) for the consolidated financial statements of companies listed on EU regulated markets since 2005 has contributed to the quality of financial reporting and to the development of the EU Single Market. Looking ahead, Mr Maijoor focuses on three challenges the need for companies to provide investors with clear and consistent information and to continue the efforts towards global adoption whilst regretting that there is limited prospect for broad adoption by the United States of America (USA) and Japan, two countries playing an important role in regulating international financial markets. Thirdly, Mr Maijoor emphasises that the consistent application of IFRS is essential within a Single Market; this can be achieved through equipping national supervisory authorities with sufficient and similar tools to detect and remedy non-compliance with IFRS principles but also the need for a new instrument that would allow to intervene when a national authority would diverge from the views of its EU peers.
09/12/2014 2014/1474 Investor Protection and an integrated EU Capital Market- Steven Maijoor address to DSW/Better Finance for All Conference Speech PDF
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Steven Maijoor spoke at the DSW/Better Finance for All International Investors Conference in Wiesbaden on 9 December. His speech focused on two closely interlinked topics, namely the enhancement of the level of protection offered to investors and the accelerated harmonisation and integration of EU capital markets.