Esma to focus on supervisory convergence and Brexit in 2019

The European Securities and Markets Authority (Esma) has published its 2019 work programme, setting out its priorities for the year ahead.

The pan-European financial regulator said it would next year take on new direct supervisory responsibilities under the EU’s Securities Financing Transactions Regulation as well as the Securitisation Regulation.

Another priority for 2019 will be to support the Sustainable Finance Initiative through a set of “priority actions, aiming to integrate environmental, social and governance (ESG) considerations as part of the investment chain”.

The Paris-based regulator also said that making preparations for the UK’s withdrawal from the European Union will continue to be a major focus next year.

Esma chairperson Steven Maijoor said: “In 2019 Esma will continue its focus on promoting supervisory convergence and assessing risks with a continued emphasis on the consistent implementation of MiFID II/MiFIR, but with an added focus on utilising the data gathered under this regime to assist us in meeting our stability, orderly markets and investor protection objectives.

“The transition to MiFID in 2018 has required us to be flexible and adaptable in managing the introduction of the regime and this will be invaluable to the organisation as we continue our preparations for the UK’s withdrawal from the European Union.”

©2018 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST