The European Securities and Markets Authority (ESMA) has published today an opinion which sets out how central counterparties (CCPs) in the EU should consider in their internal risk models the liquidity risk posed by all entities towards which the CCP has a liquidity exposure, such as liquidity providers. 

The opinion, published under the European Markets Infrastructure Regulation (EMIR), outlines how CCPs should assess liquidity risk, and by so doing promotes convergent risk management practices and risk control across EU.

This opinion outlines the...

The Chair of the European Securities and Markets Authority (ESMA), Steven Maijoor, delivered a keynote address at the FESE Convention 2018 in Vienna on Thursday 21 June. The speech focused on MiFID II implementation - progress made and priorities for future ESMA work.

Key areas of focus included:

Progress on Legal Entity Identifiers and Double Volume Cap

LEI progress

“ESMA and NCAs have been closely monitoring the use of LEIs and have observed a steady and substantial increase in...

The Joint Committee of the European Supervisory Authorities (ESAs) is holding today its sixth annual Consumer Protection Day. The event brings together 250 consumer representatives, finance industry representatives and regulators to address major challenges facing consumer protection in financial services across the European Union.

Steven Maijoor, Chair of the European Securities and Markets Authority and the current Chair of the Joint Committee, said:

“The ultimate goal of the ESAs’ activities, both individually and through the Joint Committee, is ensuring a consistent level of consumer and investors protection...