In October, the European Securities and Markets Authority (ESMA) published its strategy for 2023–2028, detailing the three priorities and two thematic drivers that will shape its response to future challenges. These include strengthening financial stability, market supervision and the protection of retail investors, while focusing on sustainable finance and technological innovation and the use of data.
The regulator’s strategy has been broadly welcomed by market participants, particularly as it seeks to ‘embed’ issues of sustainability across its operations, and accelerate the use of data in financial market supervision.