ESMA publishes its 2014 annual report and new strategy
15 Jun, 2015
The European Securities and Markets Authority (ESMA) has published its Annual Report for 2014, which describes key accomplishments by the ESMA in 2014. In addition, it has published its strategy for 2016-2020.
The most noted actions of the ESMA in 2014 were:
- Financial reporting and convergence of IFRS enforcement activities.
- Review of accounting practices related to business combinations.
- Contribution to the development of IFRS.
In its strategy for 2016-2020, the ESMA will focus on three key objectives:
- Investor protection.
- Orderly markets.
- Financial stability.
To achieve these objectives, ESMA intends to increase resources to strengthen (1) its capabilities of identifying and assessing risks to investors and (2) the financial stability in the EU. ESMA will also commit more resources to promote supervisory convergence and target a number of specific areas where convergence is to be promoted. Finally, ESMA aims to continue to strengthen its role as a direct supervisor, whilst intensifying its risk-based approach in order to achieve lasting impact. Overall, the enforcement process is to become more effective and efficient.
For more information, see the 2014 Annual Report and the strategy for 2016-2020 on the ESMA’s website.
