As in 2017, preparatory activities for Brexit dominated the work of the European Securities and Markets Authority (ESMA) in 2018, says its annual report published on Monday 17 June.
“2018 in many ways reshaped capital markets in the EU. In a year often defined by two contrasting dynamics – the implementation of the greatest change to EU capital markets in a decade with the Markets in Financial Instruments Directive (MiFID II) and preparations for the departure of the largest EU capital...