ESMA’s increasing workload

Anne PlestedLooks like ESMA has been granted an extra three months to write the technical standards for EMIR, until the end of September.  Weighed down with the volume of work coming out of EMIR, MiFID II and the review of MAD, ESMA is now calling again for 100% funding from the EU to free them from the domestic political wrangling that has dogged regulatory procedures. I would say we need to very much retain this domestic hold over ESMA to keep their free range technical standards production in check!  Their lack of resource can act as the natural bottleneck that the industry needs to allow us to keep up with the multitude of documents pouring out of Brussels.

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