ASF President Misu Negritoiu named chair of ESMA’s Committee for Economic and Market Analysis

The President of the Financial Supervisory Authority (ASF) Misu Negritoiu has been appointed for a two-year term as president of the Committee for Economic and Market Analysis (CEMA) within the European Securities and Markets Authority (ESMA), an EU independent body set up in 2011 which is responsible for the supervision of financial markets in the European Union.

The decision was taken during the meeting of the Board of Supervisors of the European Securities and Markets Authority in Paris on September 24.

The Committee for Economic and Markets Analysis (CEMA) has the responsibility to cover financial markets monitoring and analysis: pro-active identification, monitoring, and assessment from a micro-prudential level of trends, potential risks and vulnerabilities in financial markets across borders and sectors, including a thorough focus on financial innovations and incentives related to market practices both at the wholesale and retail level.

“The development of some excellence capacities on financial markets monitoring and analysis became an essential demand to efficiently exert the monitoring part of the participant bodies and to protect the consumers, to match the growing challenges in the past years. The efforts I initiated in this respect within ASF are already shown in setting a group of professionals whose analytical capacity could be seen both in the ASF’s annual Report on 2014 and also in the first half-yearly integrated report presenting the trends of the three monitored markets-insurances, capital market and pensions,” Misu Negritoiu told a press release.

According to the quoted source, ASF pledges to offer real tools of understanding the movements of the monitored markets to the financial sector and to the public and at the same time to become a renowned provider of economic and financial analyses for its European partners.