ESMA Hammering Out Liquidity Calculations

European regulators considering how to classify non-equity instruments

Konstantinos Botopoulos, chairman, market integrity standing committee, European Securities and Markets Authority (ESMA)

Regulators are engaged in coming to an agreement on how liquidity risk will be calculated under transparency rules.

This is one of the reference data challenges faced by the European Securities and Markets Authority (ESMA), said Konstantinos Botopoulos, chairman of ESMA's market integrity standing committee.

Botopoulos was addressing delegates at the European Regulation Roadshow presented by Inside Reference Data and WatersTechnology in Paris on May 29.

A working group within ESMA is trying to s

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