ContextKeynote at the joint ESM and French Banking Federation conference in Luxembourg; ESMA protects investors and keeps EU markets orderly, and is debating its future supervisory role.
Why it mattersESMA's chair enters the debate on centralised EU market supervision under the Savings and Investments Union.
Problems raised
EU capital markets remain fragmented.
Supervision differs from one country to another.
Europe struggles to finance its own future.
Solutions proposed
Pursue the Savings and Investments Union.
Make supervision more coherent and risk-based across the EU.
Match the supervisory setup to the EU's strategic aims.
