ESMA seeking financial innovation experts for stakeholder panel
The European Securities and Markets Authority (ESMA) has issued today a call for candidates in order to renew the composition of its Consultative Working Group (CWG) which advises ESMA’s Financial Innovation Standing Committee (FISC). CWG members are selected for a renewable term of two years for the period January 2017 to December 2018.
ESMA has established the CWG to benefit from the expertise of stakeholders who are involved in the topic of financial innovation. ESMA looks to this group to provide expert advice regarding its work on Financial Innovation.
ESMA monitors financial activities in general and financial innovation in particular. The main objectives are to ensure that supervisors, policy makers and market participants are aware of innovations that may undermine investor protection, give rise to financial instability or threaten market integrity. FISC undertakes and coordinates ESMA’s work relating to the process of financial innovation. It does so through an understanding of market and investor trends, both in terms of quantitative analytics and qualitative market intelligence. It cooperates with other organisations with a shared interest in financial innovation, both with sister ESAs and regulatory bodies globally.
Interested stakeholders with suitable backgrounds are invited to cast their interest by 31 December 2016.