About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

MiFID II Lead Rodrigo Buenaventura Leaves ESMA at End of March

Subscribe to our newsletter

Rodrigo Buenaventura, head of the markets department at the European Securities and Markets Authority (ESMA) and leader of the authority’s implementation of Markets in Financial Instruments Directive II (MiFID II), will step down from the post at the end of this month. He will be replaced by Fabrizio Planta, currently head of ESMA’s post trading unit, who will be acting head of the markets department from 1 April, 2017.

Buenaventura is moving to the position of director general for markets at the Spanish financial supervisor CNMV, where he has previously worked, first as head of international affairs from January 2005 to March 2007, and then as head of secondary markets from March 2007 to August 2011. He joined ESMA in 2011 and has worked at the authority for nearly six years.

Buenaventura’s departure from ESMA comes at a critical time, with the authority in the final stages of completing Level 2 and Level 3 texts for MiFID II and Markets in Financial Instruments Regulation (MiFIR), firms within the scope of the regulation trying to progress implementation despite a lack of clarity, and the regulatory deadline of 3 January 2018 looming.

If you would like to apply for the job and lead ESMA’s markets department as it writes the rest of the rules for MiFID II, head over to the authority’s vacancy pages where you will find a description of the job, which includes oversight of not only MiFID II and MiFIR, but also European Market Infrastructure Regulation (EMIR), Central Securities Depositories Regulation (CSDR), Benchmarks Regulation, Market Abuse Regulation (MAR) and Short Selling Regulation (SSR).

The role reports to ESMA’s executive director and will initially be a temporary assignment of five years at an ESMA location in Paris. It will certainly be a tough job and in the public eye, but the salary and holiday entitlements look pretty good, although to be eligible to apply you do need to have at least a level of education that corresponds to completed university studies of four years in a field relevant to the position, and at least 15 years of proven professional experience in some or all of the fields covered by the job description. Applications close on 14 April 2017. Good luck!

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Hearing from the Experts: AI Governance Best Practices

The rapid spread of artificial intelligence in the financial industry presents data teams with novel challenges. AI’s ability to harvest and utilize vast amounts of data has raised concerns about the privacy and security of sensitive proprietary data and the ethical and legal use of external information. Robust data governance frameworks provide the guardrails needed...

BLOG

Regulations in the Balance as Institutions Remain Sustainability-Focussed: ESG Summit London Review

Despite a perception that ESG is in retreat around the world, financial institutions continue to take the issue very seriously as a matter of risk management, a trend that continues to exert an influence on the data demands of organisations. It isn’t even the compliance imperatives of organisations operating in heavily regulated parts of the...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

The DORA Implementation Playbook: A Practitioner’s Guide to Demonstrating Resilience Beyond the Deadline

The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...