Verena Ross' opening statement in the ECON hearing on the MISP, 5 May 2026
· 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, growth, investment and productivity, technology, ai and cyber risk
VR · Verena Ross Wiki · European Securities and Markets Authority WikiVerena Ross' opening statement in the ECON hearing on the MISP, 5 May 2026ContextOpening statement by the ESMA Chair at a European Parliament ECON committee hearing on the Market Integration and Supervision Package.
Why it mattersSets out the regulator's own position on a package that could move supervision of major market players to EU level.
Problems raised- EU capital markets remain too fragmented.
- New technologies risk re-fragmenting markets.
- Savings are not channelled to productive investment.
Solutions proposed- Adopt the market integration and supervision package.
- Build EU-level supervisory capacity with national authorities.
- Advance pension reform and financial literacy.
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