European Securities and Markets Authority (Esma) chairman
Steven Maijoor has pleaded for more feedback and data from
market participants, following the release of Mifid
II’s level 1 consultation last month.
Speaking at the International Capital Markets Association
(ICMA) annual general meeting in Berlin on June 5, Maijoor
insisted that rigorous consultation was crucial at this stage
of Mifid’s development, adding that the regulator
could not adjust policy without it.
"At this stage, market participants are more important than
the legislators and supervisors put together," said Maijoor
"Your commitment is needed to ensure that regulatory reform
achieves its objectives,"...