Markets worry EU’s reporting simplification will add to burden
Rather than reducing firms’ obligations, market participants fear it could end up increasing requirements
European regulators have said they will work to lower the reporting load on financial firms in the coming years, but market participants worry that these ambitions could end up adding to the problem rather than alleviating it.
The European Securities and Markets Authority (Esma) said on February 7 it would support the European Commission’s (EC) objective to simplify the reporting burden on firms by reducing unnecessary reporting, avoiding duplication, and streamlining some reporting requirements
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