Esma chair gave the keynote at ISDA’s annual Europe conference on Tuesday
The chairman of the European Securities
and Markets Authority (Esma) said on Tuesday he remains "very
determined" to deliver the final draft of the Mifid II reforms
this month as planned, and called for market input on whether
changes to European rules are necessary to tackle the ongoing
issue of equivalence.
Steven Maijoor, the Esma chair, made the
comments at the International Swaps and Derivatives
Association’s (Isda) Europe Conference in London
on Tuesday afternoon.
The authority’s chair told
the delegation that the debate over equivalence between US and
European rules is a key risk facing the market, said Maijoor,
with the differences leading to the risk of regulatory
"The European Commission has requested
Esma's recommendations on the corresponding provisions in the
Emir technical standard, including whether changes to the EU
rules may be necessary.
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