Securities Regulator Set For Brexit, COVID-19 Risks In 2021

Law360, London (October 5, 2020, 12:10 PM BST) -- Europe's securities watchdog has said it will face a series of tough challenges in 2021 and will focus on protecting financial stability amid Brexit, COVID-19 and the threat of climate change at the same time as controversial new supervisory powers come into effect.

The European Securities and Markets Watchdog said on Friday that its plan for next year focuses on the capital markets union and strengthening protection for investors and keeping markets stable. It will be operating against a rocky background of uncertainty about Brexit, COVID-19 complications and the move toward sustainable finance. 

ESMA will also move into its new regulatory...

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