Key facts
- EU legislators are split on whether to give the European Securities and Markets Authority (Esma) a competitiveness mandate.
- Market sources have mixed hopes about the mandate being enshrined into Esma's objectives.
European Union legislators are divided over whether to compel the bloc’s markets watchdog, the European Securities and Markets Authority (Esma), to further consider the impact of its decisions on the industry. Market sources have expressed mixed hopes and doubts that legislators will succeed in enshrining a competitiveness mandate into Esma's objectives. One market source indicated a feeling that the mindset of the European Supervisory Authorities (ESAs) needs to change.