Today Steven Maijoor, Chair of ESMA, delivered the keynote address at the 2015 ISDA Annual Europe Conference in London.
His speech focused on the regulation and supervision changing the derivatives market.
According to Reuters:
Liquidity has been affected by changes in technology and the market making roles of banks, and the increased presence of central banks in markets, Steven Maijoor, chairman of the European Securities and Markets Authority said.
“I think we need to closely monitor what is happening in financial markets,” Maijoor told a meeting of the International Swaps and Derivatives Association.
“At the same, I think it’s too early to jump to conclusions and say we need to have a different policy, that we need to have a policy response,” Maijoor said.