Verena Ross, ESMA Executive Director, gave a speech which was published on December 5, 2017 which outlined the asset management sector priorities of ESMA for 2018.

The speech builds on a speech given by the ESMA Chair, Steven Maijoor, on November 16, 2017, and in particular discussed the co-operation arrangements that need to be in place between regulators prior to Brexit; the intention to carry out more detailed analysis of the performance of active and passive funds; and ESMA’s decision not to set specific reference parameters in relation to stress testing under the MMF Regulation.

The speech also referred to MiFID II and in particular, the importance of investment firms and trading venues obtaining the legal entity identifier in good time.

The full speech is available here.