The three European Supervisory Authorities (ESAs) – the EBA, EIOPA and ESMA – published today their individual reports on the supervisory independence of competent authorities (CAs) in their sectors. Based on the CAs’ self-assessment, the three reports highlight that the independence of CAs is multi-faceted and dependent on a number of legal, institutional, operational and cultural factors.

ESMA report

EBA report

EIOPA report

The three reports take stock of the factual situation on CAs’ independence along key angles, namely, operational, financial and personal independence as well as accountability and transparency. The reports seek to factually represent the arrangements and practices reported by CAs without...

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, next Chair will be Verena Ross. The appointment was confirmed by the Council of the European Union at its meeting today in Brussels. Ms Ross will take up her position on 1 November 2021.

Anneli Tuominen, Interim Chair, said:

“I am extremely delighted to welcome Verena’s appointment as the new Chair of ESMA. She brings with her an in-depth knowledge of European and global markets as well as of ESMA itself, which will be invaluable and I am, along with the Board of...

The Interim Chair of the European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, Anneli Tuominen, participated today in the annual hearing of the European Parliament's Economic and Monetary Affairs Committee, together with the Chairmen of the European Banking (EBA) and European Occupational Pensions Authority (EIOPA). 

Ms. Tuominen's is the Vice Chair of ESMA and has been acting as its Interim Chair since 1 April 2021. This is a first hearing with the Interim Chair. The new Chair of ESMA is expected to be appointed shortly.

Read her ...