The Annual Report also highlights the most significant elements of ESMA’s work in 2021, particularly the development of the regulatory framework for sustainable finance and the risks and opportunities arising from the digitalisation of markets especially for retail investors.
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published its Annual Report
reviewing its achievements in 2021 in fulfilling its mission of
enhancing investor protection and promoting stable and orderly financial
markets in the European Union (EU), and focusing on its role in the
supervision of EU-wide entities and its contribution on sustainable and
digital finance.
ESMA’s key achievements in 2021 included the
recognition and tiering of third-country central counterparties (CCPs),
the coordination of supervisory activity across the EU through its Union
strategic supervisory priorities, and the preparation for the
supervision of data reporting service providers (DRSPs), critical
benchmarks and securitisation repositories. The Annual Report also
highlights the most significant elements of ESMA’s work in 2021,
particularly the development of the regulatory framework for sustainable
finance and the risks and opportunities arising from the digitalisation
of markets especially for retail investors.
Verena Ross, Chair, said:
“Last year was a transitional one for ESMA, marking not only its 10th
anniversary and the beginning of its second decade as the EU’s
securities markets regulator, but also a renewal of the organisation
with a new senior management team. I take this opportunity to thank both
Steven Maijoor for his work as ESMA’s first Chair and Anneli Tuominen,
who acted as Interim Chair.
“Our major areas of focus in 2021 included protecting investors where
their growing engagement in sustainable and digital finance risks them
being subject to greenwashing and scams, ensuring effective and
converged EU supervision, and to supporting the renewed focus on
developing a true capital markets union.
“I would like to thank all our stakeholders for their continued
support and collaboration in helping ESMA achieve its objectives.”
Natasha Cazenave, Executive Director, said:
“Last year marked ESMA’s first decade as a European Authority,
providing an opportunity to reflect on the progress made since 2011 and
lay the groundwork for the next decade.
“ESMA, in 2021, implemented new mandates for the supervision of
securitisation repositories, critical benchmark administrators and data
reporting service providers, while maintaining a strong focus on
existing mandates for CRAs, trade repositories and CCPs. It also
contributed to CMU initiatives and began work on key projects including,
amongst others, the European Single Access Point and the consolidated
tape.
“I want to thank our staff for their remarkable dedication and
high-quality work and without whom none of these achievements would be
possible.”
The organisation’s key achievements in 2021 related to its work on its cross-sectoral priorities:
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