ESMA makes recommendations for more effective and attractive capital markets in the EU ESMA published its Position Paper on “Building more effective and attractive capital markets in the EU”. The Paper includes 20 recommendations to strengthen EU capital markets and address the needs of European citizens and businesses.
ESMA was founded as a direct result of the recommendations of the 2009 de Larosière report which called for the establishment of a European System of Financial Supervision as a decentralised network. It began operations, under its Founding Regulation on 1 January 2011, replacing the Committee of European Securities Regulators which was a network of NCAs which promoted consistent supervision ...
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