For Esma to triumph as supervisor, it must stop being Esma
Europe’s markets watchdog may soon have sweeping new powers, but experts say it will have to shed its reputation as slow, expensive and process-driven if it is to succeed
In the corridors and chambers of Brussels, the buzzword is integration. The power-brokers of the European Union insist the bloc’s economy is lagging in competitiveness. One way to fix the problem, they believe, is to weld together the disparate parts of the region’s capital markets into one smooth-running whole.
The emergence of a protectionist US administration that is avowedly hostile to the EU
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