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Regulation

Force Maijoor: ESMA chair takes on critics

Steven Maijoor tells Hannah Brenton why the EU financial watchdog needs new powers, which are being fiercely contested in Luxembourg.

Hannah Brenton
29.11.2017

Steven Maijoor wants more power. The steely chairman of the European Securities and Markets Authority (ESMA) could soon have a much tighter grip on cross-border finance across Europe. 

A European Commission proposal unveiled in September would strengthen the EU financial watchdog's powers, including its oversight over how fund managers use 'delegation' to outsource activities like portfolio management to countries outside the European Union.

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