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Verena Ross' speech at the public hearing on revised rules following the MiFIR review, 28 June 2024

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

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· Verena Ross Wiki · European Securities and Markets Authority WikiVerena Ross' speech at the public hearing on revised rules following the MiFIR review, 28 June 2024

ContextWelcome speech at ESMA's online public hearing on revised rules after the MiFIR review; ESMA protects investors and keeps EU markets orderly, and must rewrite transparency rules.

Why it mattersESMA presents its plans for bond transparency and fair market data prices.

Problems raised
  1. Bond and derivative transparency rules need revising.
  2. Market data is not always sold on fair terms.
  3. Reference data rules are outdated.
Solutions proposed
  1. Reform bond transparency after the MiFIR review.
  2. Set standards for market data on a reasonable commercial basis.
  3. Review RTS 2 for derivatives transparency.
Read full speech on esma.europa.eu ↗

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