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Verena Ross' speech at the European Financial Congress, 5 June 2023

· 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

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· Verena Ross Wiki · European Securities and Markets Authority WikiVerena Ross' speech at the European Financial Congress, 5 June 2023

ContextSpeech at the European Financial Congress in Sopot, Poland; ESMA protects investors and keeps EU markets orderly, and watches retail investors drawn by apps and social media.

Why it mattersRoss warns that apps and online influencers draw savers into risks they cannot afford.

Problems raised
  1. Post-crisis gaps and inconsistencies remain.
  2. Platforms and social media push retail investing.
  3. Retail investors may take risks they cannot afford.
Solutions proposed
  1. Keep a unified framework and consistent supervision.
  2. Watch platforms and social media promotion.
  3. Ensure investors are not misled.
Read full speech on esma.europa.eu ↗

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