Securities regulation ‘does not need brand new framework’ – Esma head

Esma's Paris headquarters

The head of the European Securities and Markets Authority has said regulators of securities markets should concentrate “on making the best use of already available tools rather than designing new tools and legislation”.

Steven Maijoor, Esma’s chair, and senior Esma risk analyst Clément Boidard, describe the current state of European securities market regulation in a chapter in the Banque de France’s Financial Stability Review. Legislation at both the European and the national level allows regul