Regulatory Alerts2022-07-25
ESMA Opinion on 2020 Discharge Report
The European Securities and Markets Authority issued this opinion to respond to the European Parliament's 2020 discharge decision regarding ESMA's budget implementation. ESMA addresses specific financial management concerns by defending its late payment practices and arguing for a revision of its fee-funding model to better support risk-based supervision. The Authority also highlights its resource reprioritization efforts in response to geopolitical and pandemic-related market stresses while committing to enhanced internal controls and diversity policies.
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