ContextKeynote in German at the Börsen-Zeitung Finanzplatztag in Frankfurt; ESMA protects investors and keeps EU markets orderly, and faces fragmented European capital markets.
Why it mattersRoss notes that post-crisis rules have not yet integrated European markets.
Problems raised
Inflation, geopolitics and technology change challenge markets.
European capital markets remain fragmented.
Reforms have not yet produced broad synergies.
Solutions proposed
Build on the post-crisis legal framework.
Integrate markets more deeply.
Support Frankfurt's role with the new anti-money laundering authority.
