ESMA warns market, liquidity and contagion risks could rise amid Brexit fallout.
The Commission’s finalised bond transparency rules means ESMA will carry out annual assessments on liquidity.
ESMA has recommended a delay from the clearing obligation for firms with "limited" derivatives volumes.
Delays to implementing margin rules for uncleared derivatives could run the risk of fragmentation and regulatory arbitrage.
ESMA has suggested several changes to the proposed ‘phase-in’ of MiFID II transparency rules for non-equity instruments.
The approval comes one week after US and EU regulators announced a cooperation agreement to regulate cross-border CCPs.
ESMA lacks the ‘technological resources’ to deal with the influx of data following the implementation of MiFID II, as experts advise buy-side to “arm yourself with knowledge”.
ESMA investigation will look at the rise of blockchain technology and how it might need to be regulated as it takes securities markets by storm.
Risks to liquidity are high due to the uncertainty surrounding the macroeconomic environment, according to ESMA’s first quarter risk assessment.
Europe's regulator has deemed that European clearing houses will be able to deal with stress scenarios.