Regulatory Alerts2020-07-28
ESMA Opinion on 2018 Discharge Report of the European Parliament
The European Securities and Markets Authority issues a reasoned opinion responding to the European Parliament's 2018 budget discharge report and associated observations. ESMA addresses specific concerns regarding budgetary cross-financing, the proportionality of its actions, and the management of external IT staff and procurement processes. The document also highlights the Authority's progress on sustainable finance initiatives, including the publication of its 2020 Sustainable Finance Strategy and the allocation of additional resources to support new regulatory mandates.
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