.jpg)
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published its latest edition of the Spotlight on Markets Newsletter.
Your one-stop-shop in the world of EU financial markets focused in September on the publication of the work programme for 2024 of ESMA. In an economic context marked by high inflation, heightened geopolitical tensions and rapid technological changes, ESMA is determined to ensure close market and risk monitoring and support the effective implementation of the European regulatory framework related to the digital and sustainability transitions. By fostering effective regulation and supervision of the European capital markets, ESMA aims to contribute to addressing the challenges faced by the EU and its citizens.
ESMA also published the second Trends, Risks and Vulnerabilities (TRV) Report of 2023. The document underlines how financial markets are adapting to the new economic environment of durably higher inflation and interest rates, however, risks remain high in ESMA’s remit.
In addition, the Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) published their second annual Report on the extent of voluntary disclosure of principal adverse impacts under the Article 18 of the Sustainable Finance Disclosure Regulation (SFDR). See highlights and full report here.
Last, ESMA, together with EBA and EIOPA, published a joint response to the European Commission’s Call for Advice on two EC delegated acts under the Digital Operational Resilience Act (DORA) specifying further criteria for critical ICT third-party service providers (CTPPs) and determining oversight fees levied on such providers.
Other:
- ESMA provides overview of EU securitisation markets;
- ESAs publish Report on the landscape of ICT third-party providers in the EU; and
- ESMA updates the European Single Electronic Format Reporting Manual
A full overview of all publications can be found in the newsletter, together with information on next month’s speaking appearances of ESMA staff and vacancies. For updates, follow us on Twitter and LinkedIn.
