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Statement by Verena Ross as Chairperson of the Joint Committee of the European Supervisory Authorities - ECON Committee, 14 October 2024

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

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, banking regulation and supervision, trade, fragmentation and geopolitics

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· Verena Ross Wiki · European Securities and Markets Authority WikiStatement by Verena Ross as Chairperson of the Joint Committee of the European Supervisory Authorities - ECON Committee, 14 October 2024

ContextStatement to the European Parliament's ECON Committee in Brussels as chair of the joint committee of the three EU financial supervisors; ESMA protects investors and coordinates with banking and insurance supervisors.

Why it mattersThe European supervisors propose improvements to the sustainable finance disclosure rules.

Problems raised
  1. Risks increasingly cut across financial sectors.
  2. Crises and geopolitics have raised uncertainty.
  3. The sustainable finance disclosure rules need improvement.
Solutions proposed
  1. Use the Joint Committee for cross-sector cooperation.
  2. Keep supervisory approaches consistent.
  3. Propose improvements to the SFDR.
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