Esma calls for greater powers over national supervisors
Supervisor also wants authority to pause application of some rules
The European Securities and Markets Authority (Esma) has called for enhanced powers over national supervisors in the European Union.
Esma makes the suggestion in a response to the European Commission’s consultation on which measures should be included in its Capital Markets Union (CMU) project. The authority suggests in a statement that the reforms should “adapt and clarify” some aspects of the legislative act – the Esma Regulation – that sets out its powers.
The authority notes that, “in
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