Competitiveness mandate for Esma faces uphill battle
European Parliament offers last chance to force Esma to take more nuanced approach
European Union legislators are split over whether to compel the bloc’s markets watchdog to further consider the impact of its decisions on the industry. Market sources harbour mixed hopes, and doubt legislators will enshrine a competitiveness mandate into the European Securities and Markets Authority’s (Esma) objectives.
“There is a feeling that we need the mindset of the ESAs to change,” says a
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