Programme will deliver Mifir/Mifid II, MAR, CSDR databases in 2018
EU markets regulator,
the European Securities and Markets Authority (Esma), has
warned EU authorities that a proposed €38 million budget
would leave a €2.3m hole in its 2016 work programme,
forcing it to cut spending on IT projects.
Esma released it 2016
work programme on Wednesday, stating that if the European
Commission’s proposed €38m budget was
accepted by the other EU institutions, Esma would need to cut
its activities by €2.3m.
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