ESMA Appoints Giuseppe Vegas to Its Market Integrity Standing Committee

The European Securities and Markets Authority’s (ESMA) Board of Advisors has appointed Giuseppe Vegas as its newest chair for its Market Integrity Standing Committee, whose term is tendered with immediate effect, according to an ESMA statement.

Giuseppe Vegas currently serves as the Chair of Italy’s Commissione Nazionale per le Società e la Borsa (CONSOB), the country’s paramount financial securities regulator. Mr. Vegas’s appointment will be for two years and will end on December 10, 2017, where he will help contribute on the group’s Market Integrity Standing Committee.

ESMA’s Market Integrity Standing Committee undertakes a variety of work and issues related to market surveillance, enforcement of securities laws, facilitation of cooperation of national authorities, and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term of information in market abuse investigations. Moreover, the standing committees are expert groups collected from ESMA’s premier staff as well as the national recognized authorities for securities markets Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term in the Member States.

ESMA has been relatively devoid of any major news in Q4 2015, since the publication of its final iteration of its technical standards (TS), which covered a number of integral components of post-crisis financial regulation, i.e. the Markets in Financial Instruments Directive (MiFID II), the Market Abuse Regulation (MAR) and the Central Securities Depositories Regulation (CSDR).

The group’s latest TS aimed to articulate and clarify precisely how the legislation will come into effect for market participants, market infrastructures and national supervisors, a point of confusion earlier for a number of financial service providers that were seeking clarity on the compliance rules.