European Securities and Markets Authority (ESMA)

#GoodReads | ESMA report on the EU Securities Markets offers insights into European market dynamics, focusing on changes in market infrastructures, trading activities, and liquidity in equity and bond markets during years 2021 and 2022 → https://lnkd.in/gyXJVzFC. 💡 Key findings: 🔵 continued increase of the share of on-exchange turnover for equity markets since the UK’s withdrawal from the EU 🔵 significant decrease in the role of Systematic Internalisers (SI) 🔵 in bond markets, the concentration of volumes in the top four trading countries accounted for 69% of on-exchange and SI volumes in 2022 This report plays a vital role in contributing to #ESMA's financial stability objectives and its monitoring framework.

🎦 Full house with over 600 participants yesterday at the launch event of the #ESMA Position Paper "“Building more effective and attractive capital markets in the EU". ☑️ Recoding → https://lnkd.in/dC8ddEUq. ☑️ Paper → https://lnkd.in/eXbxgpeY. ☑️ Factsheet → https://lnkd.in/eP7ZWnAm. Creating effective and attractive EU capital markets requires improving the wider market ecosystem and putting investors and companies at the heart of it. Steps are needed to ensure capital markets can play their role in supporting the financing needs of Europe.

🔴 ESMA makes recommendations for more effective and attractive capital markets in the EU. We focus on 3 dimensions: citizens, companies and the EU regulatory and supervisory framework. The actions are directed not only to capital market supervisors but also to EU Member States, the European Commission and EU Co-legislators as well as to the financial industry → https://lnkd.in/dkVFSH7t. 🗨️ Verena Ross, ESMA Chair: Creating effective and attractive EU capital markets requires improving the wider market ecosystem and putting investors and companies at the heart of it. Steps are needed to ensure capital markets can play their role in supporting the financing needs of Europe. Therefore, ESMA today puts forward proposals for how markets can serve the needs of European citizens and businesses. Recommendations 👇

Tick Tock ⌛️ One day to go. Curious to know #ESMA’s recommendations to strengthen EU capital markets? #Register and secure your place for our online event → https://lnkd.in/dcqbzKFc.   Our special guest will be Christine Lagarde, President of the European Central Bank, who will express her thoughts and contribution to the EU capital markets via a recorded video message. FMA Finanzmarktaufsicht Österreich | FSMA | Financial Supervision Commission | Hrvatska agencija za nadzor financijskih usluga | CySEC - Cyprus Securities and Exchange Commission | Czech National Bank | Finanstilsynet | Autorité des marchés financiers (AMF) – France | Magyar Nemzeti Bank | Central Bank of Ireland | Latvijas Banka | Lietuvos bankas | Bank of Lithuania | Commission de Surveillance du Secteur Financier (CSSF) | Malta Financial Services Authority (MFSA) | Autoriteit Financiële Markten | Polish Financial Supervision Authority | CMVM - Comissão do Mercado de Valores Mobiliários | AUTORITATEA DE SUPRAVEGHERE FINANCIARĂ | Národná banka Slovenska | CNMV | Finansinspektionen | Icelandic Financial Supervisory Authority | FMA - Financial Market Authority Liechtenstein | Finanstilsynet (FSA Norway) | EFTA Surveillance Authority

The EU Diversity Month is in full swing. As an Authority of the European Union, #ESMA is putting diversity, equity and inclusion into the spotlight. Embracing diversity enhances innovation, effective decision-making and creativity. 📄 These principles are outlined in our Strategy → https://lnkd.in/dEsGfuzM. 🌈 Today also marks the International Day Against Homophobia, Transphobia and Biphobia. ESMA is strongly against any type of discrimination and violence towards our #LGBTIQ friends, colleagues and around the world. Our staff members – regardless of their background, sexual orientation, nationality, disability or religion – are treated fairly, feel valued, and have equal opportunities. #EU4LGBTIQ #IDAHOTB #UnionOfEquality 🤎 #EUDiversityMonth → https://lnkd.in/d_wWsHNN 🌈 LGBTIQ Equality Strategy 2020-2025 → https://lnkd.in/eNc5kcR5 🌈 Statement by the High Representative on behalf of the EU on IDAHOTB → https://lnkd.in/dg-Ztpep

🔴 #ESMA will host an online public event on 22 May, 10:00-11:00, Paris time, focused on the launch of its Position Paper on the effectiveness of capital markets in the European Union. 📝 #Register now → https://lnkd.in/d7x7msbS. 🎙️ Natasha Cazenave, ESMA Executive Director, will be moderating the event and Verena Ross, ESMA Chair, will present the paper and take questions from the audience. 🎙️ Our special guest will be Christine Lagarde, President of the European Central Bank, who will express her thoughts and contribution to the EU capital markets via a recorded video message.

Corporate information | Vojtech Belling has been reappointed today as #ESMA Vice Chair by the Board of Supervisors. Mr Belling, who is the Executive Director of the Financial Market Regulation and International Cooperation Department of the Czech National Bank, will serve a further two-and-a-half-year term effective immediately → https://lnkd.in/dAMZkz3N. 🗨️ Verena Ross, ESMA Chair: I would like to thank Vojtěch for his continued commitment to ESMA’s work. I have enjoyed working with him both as Vice Chair and as a member of ESMA’s Board of Supervisors and look forward to continuing our close collaboration in the years ahead.

📢 Call for candidates | #ESMA is establishing its Consultative Working Groups for the Disclosure and for the Reporting. 🗓️ Stakeholders should send their interest by 6 June 2024 → https://lnkd.in/d_YQEW6x. Members are appointed for three years. Upon completion of the selection process, ESMA will inform the applicants of the outcome and publish the composition on its website. 🔵 Disclosure Working Group → support related to digital disclosure requirements and usability of data (especially in iXBRL, XML or JSON format) and information made public. Members will contribute to knowledge-sharing and evidence-based supervision. | 📝 Call → https://lnkd.in/dKduTQ2J 🔵 Reporting Working Group → support related to data reporting requirements. Members will be promoting the usability of data among supervisors with the aim to tackle any misalignment across various data reporting obligations and reducing the burden of compliance. | 📝 Call → https://lnkd.in/dWq6PzNd

🌍 #SustainableFinanceEU, Fund management | ESMA has published the final report containing Guidelines on funds’ names using #ESG or sustainability-related terms. To be able to use these terms, a minimum threshold of 80% of investments should be used to meet environmental, social characteristics or sustainable investment objectives → https://lnkd.in/d7AExBrj. Objective 🧭 to ensure that investors are protected against unsubstantiated or exaggerated sustainability claims in fund names 🧭 to provide asset managers with clear and measurable criteria to assess their ability to use ESG or sustainability-related terms in fund names Timeline 🧭 the Guidelines will be translated into all EU languages and published on ESMA’s website; they will start applying 3 months after that publication

#ESMA is calling for papers on modelling environmental risk exposures and impacts and measuring and understanding #ESG factors for its 🌍 2024 Research Conference “Environmental risks and ESG investing: securities market impacts” → https://lnkd.in/dedvV8Zs. The event will focus on sharing and discussing empirical evidence, i.e., analysis based on primary and/or secondary data that clearly shows how EU securities markets as a whole or a specific subset of actors therein are affected by environmental risks and transition efforts. It will bring together academics, policymakers and industry professionals to discuss and analyse the impact of environmental risks and ESG transition on EU securities markets.