Verena Ross, international director of the FSA, is vying to become executive director at the European Securities and Markets Authority (ESMA), according to reports.
European financial regulators may vote as soon as today at a private meeting in Paris on who gets the top administrator job at the EU’s market regulator, which began operating in January. Ross is vying with European Commission official Maria Velentza and four other candidates, according to Bloomberg. EU nations and the parliament agreed last year to establish ESMA as one of three authorities in London, Paris and Frankfurt to regulate the banking, securities and insurance industries respectively. None of the chairmen of the three bodies come from the FSA or European Commission, but...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes