Maijoor: Esma needs more data, market feedback

Author: Tom Young | Published: 5 Jun 2014

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,"...