ESMA Appoints New Chair of CCP Supervisory Committee

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has formally appointed Klaus Löber as Chair of the CCP Supervisory Committee and Nicoletta Giusto and Froukelien Wendt as Independent Members. “The new organisational set-up of the CCP Supervisory Committee will strengthen ESMA’s role in enhancing the safety and efficiency of CCPs both in the EU and in third countries,” said Chairman Steven Maijoor.

The Chair and Independent Members will play an important role in light of the additional regulatory powers granted to ESMA, regarding the supervision of third country CCPs and convergence in the supervision of EU CCPs.