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Verena Ross' speech at OPTIC 2023 – Brussels, 17 October 2023

· Verena Ross, Chair of the European Securities and Markets Authority (European Union)

Summary written by Dark Majestic in its own words · topics: banking regulation and supervision, technology, ai and cyber risk

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· Verena Ross Wiki · European Securities and Markets Authority WikiVerena Ross' speech at OPTIC 2023 – Brussels, 17 October 2023

ContextSpeech at AFME's OPTIC 2023 conference in Brussels on new technology in capital markets; ESMA protects investors and keeps EU markets orderly, and prepares supervision for the digital age.

Why it mattersRoss wants common tools so supervisors spot risks in time.

Problems raised
  1. New technologies are transforming capital markets.
  2. Risks may emerge faster than supervisors react.
  3. Supervisory tools differ between authorities.
Solutions proposed
  1. Prepare supervision for the digital age.
  2. Strengthen cooperation with national authorities.
  3. Share common tools to spot and prioritise risks.
Read full speech on esma.europa.eu ↗

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