The European Securities and Markets Authority (ESMA) has published today a revised organigramme. This organigramme reflects the changes ESMA is making to support the objectives set out in its 2016-2020 Strategic Orientation. The revised structure will take effect on 16 November 2015.
The key changes to ESMA’s organigramme are:
• A Supervision Department which will integrate Credit Rating Agencies (CRAs) and Trade Repositories (TRs) supervision. CRA policy work will be integrated into the renamed Investors & Issuers Department, previously Investment & Reporting Division, while TR policy work will remain with the Markets Department;
• A Risk Analysis & Economics Department as the central function for risk assessment and statistical capabilities. The department will develop innovative and practical analytical tools for the purpose of financial stability, investor protection and market functioning and provide a unified overview of, and approach to, data; and
• A new Corporate Affairs Department which will bring together the stakeholder management, communication, internal governance, planning and control functions.
These changes will equip ESMA to fulfil its mission and strategy in the years ahead and to execute its work programme in an efficient and effective way.
