ESMA's High Hopes for Centralized Reporting
Delegated task is 'a milestone for a new system of financial supervision'
The European Securities and Markets Authority (ESMA) is hoping to not only reduce the financial burden of regulatory infrastructure for EU countries, but also improve the quality of reported data with two new projects announced in April.
Rodrigo Buenaventura, head of the markets division at the regulator, says the projects, although they were announced together, are quite different in concept.
The Instrument Reference Data project, due for completion in early 2017, aims to provide a central
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