The European Securities and Markets Authority (ESMA) has unveiled a new logo and visual identity it says embraces its strategy for 2023-2028. The EU’s financial markets regulator also announced on Monday that it is finishing up a new website that will be launched later this month.
The group said in a statement on its website said the new logo will be adopted on all its publications starting today. The visual change has also been updated on all IT systems, ESMA said.
ESMA 2023-2028 Strategy
According to ESMA, the new strategy was designed to guide the regulator, which was formed in January 2011, in its second decade of pan-European regulation. The strategy prioritizes the key focus of the European Union in the areas of financial services that it added.
The financial market supervisor further noted that the new strategy is targeted at addressing the most significant risks linked to the EU financial markets. In addition, the regulator said the strategy is structured around five key areas. These include effective financial markets and financial stability, supervision and supervisory convergence, retail investor protection, sustainable finance and technological innovation and increased use of data.
The group explained: “It [the new ESMA strategy] builds on the successful development of ESMA since its establishment and reflects the evolving environment in which it operates.
“ESMA plans to implement this strategy step-by-step over the next years, focusing on the strategic priorities and thematic drivers, while being mindful of market developments and emerging risks, as well as new legal mandates and available resources both at ESMA and National Competent Authorities (NCAs).”
George Theocharides Appointed as First Chair of RSC
Meanwhile, the group recently appointed Dr George Theocharides, the Chairman of the Cyprus Securities and Exchange Commission (CySEC), as the first Chair of its Risk Standing Committee (RSC). Theocharides’ tenure, which started on January 1, 2023, is to last until December 31, 2024. CySEC's Chairman has been serving as the Chair of the standing committee since March 2022.
Finance Magnates reports that the RSC is the successor of the Committee for Economic and Markets Analysis (CEMA).
