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Verena Ross Opening Statement - 2023 ECON Annual Hearing, 23 October 2023

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

Summary written by Dark Majestic in its own words · topics: trade, fragmentation and geopolitics, technology, ai and cyber risk

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· Verena Ross Wiki · European Securities and Markets Authority WikiVerena Ross Opening Statement - 2023 ECON Annual Hearing, 23 October 2023

ContextAnnual hearing before the European Parliament's ECON Committee in Brussels; ESMA protects investors and keeps EU markets orderly, and must report on its work to elected members.

Why it mattersRoss presents ESMA's five-year strategy to lawmakers.

Problems raised
  1. Uncertain economic times and geopolitics strain markets.
  2. Risks can build up unseen.
  3. Investors may not see risky products.
Solutions proposed
  1. Implement ESMA's five-year strategy.
  2. Use better data to spot risk build-up.
  3. Raise investor awareness of risky trends.
Read full speech on esma.europa.eu ↗

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