· Verena Ross Wiki · European Securities and Markets Authority WikiVerena Ross' Keynote Speech at the Kapitalmarktkonferenz, 2 June 2025
Read full speech on esma.europa.eu ↗ContextKeynote in German at BaFin's capital markets conference in Frankfurt; ESMA protects investors and keeps EU markets orderly, and pushes for deeper, less fragmented capital markets.
Why it mattersESMA's chair addresses German market participants on reducing fragmentation in EU capital markets.
Problems raised
- Inflation, energy prices and geopolitics tested resilience.
- Fragmentation hampers cross-border investment and growth capital.
- Europe struggles to fund innovation, transition and defence.
Solutions proposed
- Support the Savings and Investments Union strategy.
- Promote supervisory convergence and reduce fragmentation.
- Agree shared ambitions and concrete steps.