On occasion of Ireland taking over the EU presidency, EUSIPA today joins a call for a clearer focus on enhancing competitiveness of EU financial markets, with a particular emphasis on their regulation.
The signing financial service associations all wish to underline that reducing legal uncertainty, ensuring robust cost–benefit analysis in legislative projects and avoiding unnecessary complexity of these are key priorities to attract global investment in the EU via its capital markets. Working towards these ambitions makes it necessary to anchor a competitiveness objective also within ESMA’s mandate, thus ensuring that regulatory decisions fully take into account their impact on the EU’s capital market’s attractiveness.
For more information, including the full list of signatories, please see the media release under below link.