Esma needs dose of BoE agility, says official
Clearing house supervisor Giusto points to central bank's consultation on Emir as example of nimbler approach
The European Securities and Markets Authority could be nimbler, like the Bank of England, according to a clearing house supervisor – but the European Union regulatory system is not conducive to this aim.
“I have to confess that I am a little bit jealous about the consultation that has been put forward recently here in the UK to simplify and streamline the processes and procedures around UK Emir,” said Nicoletta Giusto, a member of Esma’s central counterparty supervisory committee, referring to
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