The chairman of the European Securities and Markets Authority (ESMA), Steven Maijoor, has said that the deadlines it faces to complete legislation concerning the derivatives markets are too short.
His remarks were made to the AFME Market and Liquidity Conference in London. Maijoor warned that although ESMA believes in the benefits of open public consultations “if we face unreasonable deadlines, there is not much we can do.”
He went on to say that the deadlines for ESMA to deliver standards...