The European Association of CCP Clearing Houses (EACH) and the Federation of European Securities Exchanges (FESE) call for an effective and efficient supervision via a joint statement on the Market Integration and Supervision Package (MISP).
The key messages that EACH and FESE would like to convey are the following:
- ESMA as the sole supervisor – We call for co-legislators to ensure that the entities subject to ESMA direct supervision in line with MISP are directly and only supervised by ESMA.
- Transition – We call for a smooth and short transition towards a more effective, efficient and proportionate supervisory system.
- Crisis management – We consider that centralised supervision for the entities designated in MISP should also be able to address crisis cases.
Please find the full joint EACH/FESE statement here.
