National and European supervisory authorities are an essential precondition for solid and reliable financial markets. We advocate for a clearly delineated mandate for institutions, their supervision by the legislator and consideration for the particular features of local markets. Moreover, appropriate financing for supervisory authorities must be ensured.
Contact Maximilian Lück Leiter EU-Verbindungsbüro Tel.+32 2 7894101 lueck(at)dai.de
Proposal to reform the European Supervisory Authorities sets wrong priorities
From the point of view of Deutsches Aktieninstitut, the proposal of the EU Commission disproportionately extends the competences of the European Securities and Markets Authority (ESMA) without sufficiently addressing the issue of...