Regulator changes tack after pushback on fund naming rules
The European Securities and Markets Authority has recommended the EU move to one-day settlement in Q4 2027
Esma recommendation will align bloc’s move with UK plans
Verena Ross calls for more centralised powers in response to appetite for stronger capital markets and investment in bloc
Esma asks for amendment to tighten regulation with demand for external audits of defences against hackers
Consultation by regulator finds 70% of participants favour reduction that would align with UK’s timing
Esma levies rare penalty against Scope over failures to manage conflicts of interest
Regulator extends rules for 18 months to fix Brussels’ legal misdrafting
European markets watchdog report says findings should contribute to retail investor debate
Also in this week’s newsletter, revisiting the financial regulation inherited from the EU
European vehicles drop ESG-related labels amid regulatory and reputational concerns
Esma says Russian invasion of Ukraine pushes more deals off-exchange
Securities regulator warns extra costs for trading in Indian stocks and bonds from May to hasten capital market exit
Divergence on two sides’ rule books could add bureaucracy and cost
EU-based traders could be required to clear minimum amount of ‘systemic’ derivatives contracts inside bloc
The regulator has helped guide the agency through its early turbulent days and a pandemic, but her greatest challenge lies ahead
Brussels concludes big swings in power prices are not due to ‘market malfunction’
Influential member of European Commission advisory board calls for action amid rising criticism of greenwashing
Verena Ross says investors cannot expect bailout because risks were so widely flagged
Esma chair says agency lacks resources for ambitious IT project aimed at rejuvenating Europe’s capital markets
Financial regulators clamp down on companies misleading investors by overstating the greenness of their funds
Wide divergences in fee splits between fund managers and clients criticised by Esma
Risks of shifting business to bloc outweigh benefits, Esma concludes
Merkel’s CDU and the Greens most affected by disinformation and hate campaigns
Excess of risk-taking in markets is not obviously healthy behaviour
