argomento: News del mese - Diritto Internazionale e Comunitario

Articoli Correlati: ESMA - Verena Ross - EURIBOR

In accordance with the Benchmarks Regulation, since January 1st, 2022, the European Securities and Markets Authority (ESMA) took over the supervisors of the European Union (EU) critical benchmarks administrators and EU recognised third-country administrators. During the third week of January, ESMA also assumed the chairmanship of the EURIBOR College from the Belgian Financial Services and Markets Authority (FSMA), which is inclusive of the supervisors of all credit institutions contributing to EURIBOR. The Chair Verena Ross affirmed that: “It is an honour for ESMA to take on its new Benchmark supervisory mandate. One of our key priorities is the effective supervision of EURIBOR, which is a critical benchmark due to its widespread use by EU market participants and the direct exposure of millions of Europeans through their mortgages and loans referencing EURIBOR. ESMA’s new supervisory role will contribute, in coordination with National Authorities, to further strengthen the supervision of critical EU benchmarks and third country non-EU benchmark administrators and ensure they meet the standards and objectives established by the Benchmarks Regulation.”