ESMA Board Member: Capital Market Union Shouldn't 'Reinvent the Wheel'
As we are approaching the end of the regulatory journey, a great deal of focus is set on cross-regulations and how to make the best of the reporting requirements.
Speaking at the European Buy-Side Technology Summit 2015, Konstantinos Botopoulos, MISC committee chairman and member of the management board of the European Securities and Markets Authority (ESMA), stated that one of the main goals of creating a Capital Market Union (CMU) was the creation of a harmonized environment for regulations.
"The idea behind the CMU is not to reinvent the wheel by creating new rules but to achieve free flow of capital by using the existing tools and finding intelligent
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