european securities and markets authority

The European Union's markets watchdog said it will review how banks, insurers, and investment firms sell products, particularly when using "influencers" in social media and making climate-friendly claims. The European Securities and Markets Authority (ESMA) said it will study whether advertisements and other marketing materials are "fair, clear and non-misleading". "ESMA is also aware that younger, less experienced investors, are particularly vulnerable when they operate online," the watchdog said in a statement.Read Also…

The "questionable practices" at now collapsed crypto exchange FTX would not have been allowed to happen under European Union rules that need to be finalised urgently, a senior European Commission official said. The crash in bitcoin led to a "crypto winter", which saw the collapse of crypto exchange FTX, and earlier this week cryptocurrency lender BlockFi filed for bankruptcy protection. The European Union has reached agreement on groundbreaking markets in cryptoassets rules (MiCA) for licensing and supervision, expected…

The European Union's securities watchdog has begun preparations for increased scrutiny of crypto transactions after the bloc agreed to groundbreaking rules to regulate what it called a "Wild West" sector, a public tender document showed. While cryptoasset firms will be licensed by national regulators in the 27-country bloc, the European Securities and Markets Authority (ESMA) will monitor the bigger players. ESMA put out a public procurement request on Tuesday to suppliers of trading data on crypto transactions, including…