ESMA updates risk dashboard: ESMA has published its updated risk dashboard, which shows high but stable contagion, liquidity and credit risk with increased market risk and volatility. Credit risk was the highest risk, though fundamentally unchanged since 2014. (Source: ESMA Updates Risk Dashboard)

ESMA consults on best practice impact: ESMA is seeking views on the Impact of the Best Practice Principles (BPP) for Providers of Shareholder Voting Research and Analysis. As anticipated in ESMA's February 2013 Final Report on the role of the proxy advisory industry, ESMA has embarked on a review of the BPP published by an industry group in March 2014. The consultation will close on 27 July and ESMA will publish final results at the end of 2015. (Source: ESMA is Seeking Information on the Impact of the Best Practice Principles)

ESMA speaks on EMIR and MiFID 2: Verena Ross spoke at the international derivatives exhibition in London. She looked at the progress of EMIR, and of MiFID 2 implementation. She focused on:

  • delivery of technical standards;
  • transparency for derivatives;
  • position limits for commodity derivatives;
  • the EMIR clearing obligation;
  • the MiFID 2 trading obligation;
  • the EMIR reporting review; and
  • international derivatives convergence.

(Source: ESMA Speaks on EMIR and MiFID 2)