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Verena Ross' speech at the Joint ESAs Consumer Protection Day 2023, 9 October 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, payments, digital money and crypto-assets, climate, energy and nature

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· Verena Ross Wiki · European Securities and Markets Authority WikiVerena Ross' speech at the Joint ESAs Consumer Protection Day 2023, 9 October 2023

ContextWelcome speech at the joint European supervisors' Consumer Protection Day 2023 in Madrid; ESMA protects investors and works with banking and insurance supervisors on consumer issues.

Why it mattersRoss focuses on cross-selling and greenwashing risks for consumers.

Problems raised
  1. Sustainable finance and crypto are hard to supervise.
  2. Cross-selling may harm consumers.
  3. Greenwashing threatens retail investors.
Solutions proposed
  1. Promote a customer-centric culture.
  2. Review cross-selling rules for better outcomes.
  3. Help market participants reduce greenwashing risks.
Read full speech on esma.europa.eu ↗

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