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The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published its latest edition of its Spotlight on Markets Newsletter.
Your one-stop-shop in the world of EU financial markets focused in October on the Union Strategic Supervisory Priorities, and the statement of our Chair, Verena Ross, at the European Parliament where she underlined the need for fostering financial stability and ensuring efficient supervision in turbulent times. More details on ESMA’s actions in the past year here.
In addition, ESMA and ACER, the EU Agency for the Cooperation of Energy Regulators, strengthened their cooperation to further improve information exchange and avoid potential market abuse in the spot and derivatives markets in Europe by setting up a Joint Task Force.
ESMA also proposed temporary amendments of CCP collateral requirements to provide liquidity relief on energy derivates markets. The draft regulatory technical standards expand for a period of 12 months the pool of CCP eligible collateral to uncollateralised bank guarantees.
Other key publications:
- Withdrawal of the recognition decisions of six Indian CCPs;
- Public Statement on European Common Enforcement Priorities; and
- ESMA’s recognition for top European environmental standard
