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.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
