Report once: will Esma’s €1bn reforms deliver the full picture?

Critics say plan to merge three reporting regimes will see scant returns, and won’t mesh with single-sided reporting

The bigger picture or the better picture first?

It’s a question for the European Union’s top markets watchdog as it embarks on a radical plan to streamline three different reporting regimes.

In July, the European Securities and Markets Authority (Esma) published a final report setting out its vision to simplify the bloc’s raft of regulations. By reducing their reporting burden, it aims to cut firms