Friday, January 21, 2011

A new leader for European Securities Regulation

A Dutchman, Steven Maijoor, has been selected to head ESMA, Europe's Securities and Market's Authority, for the next five years. Maijoor brings with him his experience as the head regulator of the Dutch Financial Markets Authority, the AFM, and was selected by the Board of Directors, comprised of regulators from the 27 member states of the EU.

Maijoor takes over the most powerful of the three European Supervisory Authorities in financial market regulation, alongside the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA). ESMA, EBA and EIOPA serve together as the European System of Financial Supervisors and play an important role in the European Systemic Risk Board.

No comments:

Post a Comment