Dr George Theocharides, the Chairman of the Cyprus Securities and Exchange Commission (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term), has taken additional responsibilities as the first Chair of the Risk Standing Committee (RSC), which is a part of the European Securities and Markets Authority (ESMA ESMA European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t Read this Term). His tenure will last for two years, from 1 January 2023 until 31 December 2024.

ESMA's Risk Standing Committee Welcomes its First Chair, George Theocharides

The RSC is the successor of the Committee for Economic and Markets Analysis (CEMA), and Dr Theocharides has been serving as the Chair of that standing committee since March 2022.

"I am honoured to have been appointed to this role, and I reaffirm our commitment to contribute to the healthy development of the financial markets in Europe, encouraging innovation and ensuring investor protection," said Dr Theocharides.

The role of the RSC is to monitor developments in the financial markets, assess systemic risks and provide economic background analysis for the general tasks of ESMA. Further, the committee's responsibilities extend to risk analysis related to consumers, ESG, innovation and other emerging issues.

Dr Theocharides is not the only appointment at ESMA. The pan-European regulator also named the heads of other National Competent Authorities (NCAs) as standing committee Chairs: CONSOB's Commissioner, Carlo Comporti, is now the Chair of the Digital Finance Standing Committee; AMF's Marie-Anne Barbat-Layani is the Chair of Investor Protection Standing Committee; CNMV's Chair Rodrigo Buenaventura is heading Markets Standing Committee; BaFin's Chief Executive Director, Thorsten Pötzsch, is the Chair of Sustainability Standing Committee; and a few others besides.

Check Out the Opening Keynote by CySEC's Chairman, Dr George Theocharides, at iFX EXPO International 2022.

CySEC to ESMA

Dr Theocharides was appointed as CySEC's Chair in September 2021. Before that, he held the post of Vice-Chairman with the Cypriot regulator from July 2020 and also served there as a non-Executive Board member.

Before his position with CySEC, he fulfilled the role of Associate Professor of Finance at the Cyprus International Institute of Management (CIIM) and a Director of the MSc in its Financial Services Programme for just a decade. Moreover, he was an Assistant Professor of Finance at Sungkyunkwan University in South Korea. He became an International Faculty Fellow at the Sloan School of Management of the Massachusetts Institute of Technology (MIT) in the fall of 2006. Furthermore, he served as the non-Executive board member of several companies and organizations.