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CySEC Chairman Backs EU Supervision Push, Wants a "Level Playing Field"
The head of Europe's securities watchdog and Cyprus's top markets regulator have both backed the European Union's push to centralize more financial supervision, saying fragmented national oversight is creating gaps as markets turn increasingly cross-border. ESMA President Verena Ross and CySEC Chairman George Theocharides made the comments in separate interviews with Cypriot outlet Phile News, published last week. Their support arrives as Brussels weighs handing the European Securities and Markets Authority direct oversight powers it does not currently hold. Ross said firms operating in several countries can face ... (full story)
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