EU’s Months-Long Delay Picking Watchdog Head Draws Criticism
- Incoming chair of ESMA was expected to take up role on April 1
- MEP Regner calls for a female candidate to be appointed
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Tensions are rising within the European Union over the failure to name a replacement to lead the bloc’s top financial-markets regulator.
Paris-based European Securities and Markets Authority has been without a chair since Steven Maijoor’s mandate came to an end in March because of a political standoff at the Council of the European Union, which represents the national governments that make up the bloc. The delayed selection is damaging the watchdog, Evelyn Regner, a member of European Parliament, said in a letter to the presidency of the council.