Speeches

Today, Steven Maijoor, Chair of the European Securities and Markets Authority (ESMA), addressed representatives from EU institutions, supervisors and other stakeholders at the ESMA 10th Anniversary Conference – inspiring confidence in Europe’s financial markets.

Mr. Maijoor’s speech covered the early expectations for ESMA in 2011, and the areas in which ESMA has progressively strengthened its role within the European and international regulatory community. In addition, he underlined a forward-looking message based on the confidence that Europe’s financial markets are better supported by an effective regulatory and supervisory system to face crisis situations.

ESMA will achieve this through assessing risks to investors, markets and financial stability, completing the single rulebook, promoting supervisory convergence and the execution of its direct supervisory mandates.

The speech closed a landmark event for ESMA, following an afternoon which focused on ESMA's achievements, and its contribution towards investor protection and orderly and stable financial markets, but also, importantly, on the future of European capital markets.

More information on the event and speakers here.

 

Further information:

Dan Nacu-Manole

Communications Officer

   +33 (0)1 58 36 52 06

@   press@esma.europa.eu

The Chair of ESMA’s CCP Supervisory Committee, Klaus Löber, today delivered a speech at the Third Annual Joint Conference of the Deutsche Bundesbank, European Central Bank and Federal Reserve Bank of Chicago on CCP Risk Management.

More details in the speech

The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, represented by Mr Fabrizio Planta, Head of Markets and Data Reporting Department, addressed yesterday the Members of the European Parliament Subcommittee on Fiscal Matters regarding the “Cum-Ex/Cum-Cum” tax fraud scandal. He referred to the past and prospective role of ESMA, and the recommendations and conclusions of the Final Report on the inquiry.

Mr Planta shared the floor with Ms Olaya Argueso Perez, Editor in Chief at Correctiv, and Prof. Christoph Spengel, Professor of International Business Taxation at Mannheim University and Scientific Council of the German Federal Ministry of Finance.

In September 2020, ESMA published its Final Report on its inquiry into Cum/Ex, Cum/Cum and withholding tax (WHT) reclaim schemes. ESMA’s key proposal was that national competent authorities for securities markets should be empowered to share information with the tax authorities, to assist in detecting WHT reclaim schemes.

 

Further information:

Dan Nacu-Manole

Communications Officer

   +33 (0)1 58 36 52 06

@   press@esma.europa.eu

ESMA Chair, Steven Maijoor, addressed today the Members of the European Parliament within the Committee on Economic and Monetary Affairs (ECON). He was invited together with the European Commission's Director for Financial Markets, Ugo Bassi, for an exchange of views on GameStop share trading and related phenomena.

On 17 February, ESMA released a statement to highlight to retail investors the risks connected with trading decisions based exclusively on exchanges of views, informal recommendations and sharing of trading intentions through social networks and unregulated online platforms.

 

Further information:

Dan Nacu-Manole

Communications Officer

   +33 (0)1 58 36 52 06

@   press@esma.europa.eu

ESMA Chair, Steven Maijoor, addressed today senior policymakers and industry at the 5th Annual Conference on ‘FinTech and Regulation: New Challenges and New Solutions’. His speech touched upon: digitalisation: risks and opportunities; accelerating trends; and safe navigation.

The Covid-19 pandemic and ensuing of public health measures have accelerated the trend towards digital finance. Now more than ever, consumers are managing their finances and investments online. Businesses must continue to reinvent themselves and authorities will need to coordinate their policy response. More details in the speech.