Why are capital markets important for the EU economy? Capital markets are essential for the vitality of our economy - fuelling innovation, boosting businesses, and empowering individuals and societies to thrive and flourish. Gradual progress in recent years has improved the efficiency, scale and...

Recent macroeconomic shifts, such as elevated inflation and rapidly rising interest rates, coupled with global growth deceleration, have put real estate markets under particular stress. We explore the current exposures in EU securities markets and the asset management sector to the rising risks...

In 2015 the European Securities and Markets Authority (ESMA) undertook a strategic planning exercise that resulted in 'ESMA's strategic orientation 2016-2020'. The strategy describes how ESMA's focus from 2011 to 2015 was on building a single rulebook and establishing itself as a credible direct...

In 2015 the European Securities and Markets Authority (ESMA) undertook a strategic planning exercise that resulted in 'ESMA's strategic orientation 2016-2020'. The strategy describes how ESMA's focus from 2011 to 2015 was on building a single rulebook and establishing itself as a credible direct...

This document outlines the 2016-2020 strategic orientation for the European Securities and Markets Authority (ESMA). The strategic orientation records and explains the strategic choices we have made and will assist in making future choices and trade-offs, in the context of the current...

This document outlines the 2016-2020 strategic orientation for the European Securities and Markets Authority (ESMA). The strategic orientation records and explains the strategic choices we have made and will assist in making future choices and trade-offs, in the context of the current...

The European Securities and Markets Authority (ESMA) is an independent EU Authority, established under Regulation 1095/2010, charged with enhancing the protection of investors and promoting stable and well-functioning financial markets in the European Union (EU). As an independent authority,...