EUROPEAN UNION: ESMA publishes response to the European Commission Green Paper on Retail Financial Services

Tuesday April 26 2016

The European Securities and Markets Authority (ESMA) has published its response to the European Commission’s Green Paper on Retail Financial Services.

In the response, ESMA conveys its views on a number of topics covered in the Green Paper which are considered relevant to ESMA as well as on ESMA’s activities and their contribution to the objective of ensuring providers and customers of retail financial products make better use of the Single Market.

Areas considered by ESMA include:

• the MiFID passport and improving the efficiency of home-host cooperation
• better information for customers
• facilitating cross-border distribution of financial products
• improving redress and quality of enforcement
• the impact of digital technologies on the retail financial markets

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