The head of the European Union's securities watchdog sought to ease concerns that planned rules to boost the transparency of bond markets would drive away investors and harm growth.
"This idea that we are there to try and harm the market is obviously not on our table," Steven Maijoor, head of the European Securities and Markets Authority (ESMA), said in an interview after a public hearing with European Parliament lawmakers in Brussels on Tuesday. "We want to have successful bond markets."
ESMA proposed in December to increase pre- and post-trade transparency requirements for bonds and swaps as part of work to implement EU financial markets legislation known as MiFID II that was approved last year.
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