The European Securities and Markets Authority (ESMA) has appointed Mario Nava, chair of the Commissione Nazionale per le Società e la Borsa (CONSOB) of Italy, to serve as chair of its Committee of Economic and Markets’ Analysis (CEMA).
CEMA contributes to ESMA’s mission by monitoring developments in financial markets, assessing systemic risks and providing economic background analysis for the general tasks of ESMA. This includes regular reporting of trends, potential risks and vulnerabilities in EU financial markets across borders and sectors.
ESMA’s standing committees are expert groups drawn from ESMA staff and the national competent authorities for securities markets regulation in the Member States, and are responsible for the development of policy in their respective areas. Standing committee chair appointments are for a period of two years and commence with immediate effect.