Euronext, LCH back Esma as exchange super-regulator
National oversight hurts Europe, exchange officials say – but some are not ready to accept a single watchdog
A failure to centralise supervision of Europe’s trading venues could leave the region’s equity and derivatives markets lagging the US and other competitors, according to senior officials at Euronext and LCH.
“We think now it’s time to move to a central supervision,” said Simon Gallagher, chief executive of Euronext London. “This is politically complicated, but if we don’t get there, we’re going to
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