General Information & Client Service
  • Americas: +1.212.553.1653
  • Asia: +852.3551.3077
  • China: +86.10.6319.6580
  • EMEA: +44.20.7772.5454
  • Japan: +81.3.5408.4100
Media Relations
  • New York: +1.212.553.0376
  • London: +44.20.7772.5456
  • Hong Kong: +852.3758.1350
  • Tokyo: +813.5408.4110
  • Sydney: +61.2.9270.8141
  • Mexico City: +001.888.779.5833
  • Buenos Aires: +0800.666.3506
  • São Paulo: +0800.891.2518
February 09, 2018

ESMA published the risk assessment and supervisory convergence work programs for 2018. The risk assessment work program provides an overview of the analytical, research, data, and statistical activities by ESMA while the supervisory convergence work program details the planned activities and tasks to promote sound, efficient, and consistent supervision across EU. While many of the 2017 priorities related to supervisory convergence remain relevant for 2018, ESMA is also setting new priorities, notably in the areas of financial innovation and the withdrawal of the UK from EU.

The work program sets priorities that will drive convergence agenda of ESMA in the year ahead and foster coordinated action by national securities and markets supervisors. For 2018, ESMA has identified the following priorities for supervisory convergence:  

  • Ensuring that MiFID II/MiFIR are applied in a sound, efficient, and consistent manner across the EU (continuous)
  • Improving data quality to ensure efficient reporting under various requirements set by EU legislation (continuous)
  • Ensuring supervisory convergence in the context of the decision of the UK to withdraw from the EU (new)
  • Safeguarding the free movement of services in EU through adequate investor protection in the context of cross-border provision of services (continuous)
  • Monitoring developments in financial innovation, particularly through the analysis of emerging and existing instruments, platforms, and technology (new)

These priorities have been developed in cooperation between ESMA and national competent authorities while considering factors such as the market environment, legislative and regulatory developments, and supervisory priorities of the national competent authorities. ESMA will strengthen its support to the national competent authorities in facilitating an effective supervisory dialog and day-to-day contacts. ESMA will monitor the implementation of the supervisory convergence work program. ESMA may adjust the priorities depending on developments, as ESMA will be working in a changing EU environment in 2018. These two work programs complement other activity reporting documents of ESMA, most importantly the Single Programming Document, the Regulatory Work Program, and the Supervisory Work Program.


Related Links

Keywords: Europe, EU, Securities, Supervisory Convergence, Work Program 2018, Roadmap, ESMA

Related Articles

BCBS Publishes Results of Survey on Proportionality in Bank Regulation

BCBS published a report presenting the results of a survey conducted on proportionality practices in bank regulation and supervision.

March 19, 2019 WebPage Regulatory News

US Agencies Adopt Interim Rule to Facilitate Transfers of Legacy Swaps

US Agencies (FCA, FDIC, FED, FHFA, and OCC) are adopting and inviting comments on an interim final rule.

March 19, 2019 WebPage Regulatory News

EBA Single Rulebook Q&A: Third Update for March 2019

EBA published answers to seven questions under the Single Rulebook question and answer (Q&A) updates for this week.

March 15, 2019 WebPage Regulatory News

OCC Updates Recovery Planning Booklet of the Comptroller's Handbook

OCC updated the Recovery Planning booklet of the Comptroller’s Handbook.

March 15, 2019 WebPage Regulatory News

EBA Publishes Report on Convergence of Supervisory Practices Across EU

EBA published annual report on the convergence of supervisory practices in EU.

March 14, 2019 WebPage Regulatory News

CPMI-IOSCO Publish Update to Level 1 Assessment of PFMI Implementation

CPMI and IOSCO jointly updated the Level 1 Assessment Online Tracker on monitoring of the implementation of the Principles for financial market infrastructures (PFMI).

March 14, 2019 WebPage Regulatory News

Agustín Carstens of BIS Speaks About New Role of Central Banks

While speaking at the 20th anniversary conference of the Financial Stability Institute (FSI), Agustín Carstens, the General Manager of BIS, highlighted the need for regulatory actions in light of the continued evolution of financial technology.

March 14, 2019 WebPage Regulatory News

ESMA Analyzes Impact of Regtech and Suptech for Markets and Regulators

ESMA published the results of its analysis of the regulatory and supervisory technologies—also known as regtech and suptech—being developed in response to various demand and supply drivers in the financial sector.

March 14, 2019 WebPage Regulatory News

PRA Publishes Policy Statement on Group Supervision Under Solvency II

PRA published a policy statement (PS9/19) that provides feedback on responses to the consultation paper CP15/18 and the final supervisory statement SS9/15 (Appendix) on group supervision under Solvency II.

March 14, 2019 WebPage Regulatory News

ECB Announces Start Date for Euro Short-Term Rate

ECB announced that it will start publishing the euro short-term rate (€STR) as of October 02, 2019, reflecting the trading activity of October 01, 2019.

March 14, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 2759