The European Securities and Markets Authority (ESMA) is an independentresponsible for regulating financial markets across the .
As a watchdog, ESMA ensures that EU-wide regulatory legislation for financial markets, such as, is upheld across member states.
ESMA also regulates credit rating agencies across member states to ensure they operate transparently and avoid potential conflicts of interest when assessing the creditworthiness of financial instruments,and countries. Rating companies such as Fitch, Standard and Poor’s and Moody’s all fall within this remit.
The underlying point of these two functions is firstly to boost protection forby ensuring they are treated consistently across the EU and secondly to oversee the stability of the various within the EU, by regulating function, transparency, cost-effectiveness, competition and integrity through a single regulatory rule book.
As an EU body, it reports to the European Parliament through committee meetings and publishes an annual report. It is also fully accountable to the European What is a broker commission in trading? A commission is a se... More and Council of the EU.