Europejski Urząd Nadzoru Giełd i Papierów Wartościowych (European Securities and Markets Authority - ESMA), Raport ESMA na temat nadmiernej, krótkotrwałej presji na korporacje
Raport ESMA na temat nadmiernej, krótkotrwałej presji na korporacje
ESMA30-22-762
18 December 2019
Report
Undue short-term pressure on corporations
Executive summary
Reasons for publication
Under the Action Plan ‘Financing Sustainable Growth’, in the beginning of 2019 the European Commission (Commission) invited the three European Supervisory Authorities (ESAs) to each develop a report presenting evidence and possible advice on potential undue short-termism. In its call for advice (see Annex I), the Commission asked the three ESAs to investigate potential sources of undue short-termism on corporations from the financial sector and provide advice on areas which regulators should address.
To this end, ESMA conducted a financial literature review, published a survey, consulted its Securities and Markets Stakeholders Group (SMSG) and hosted a stakeholder workshop to collect information on market practices and the views of financial market participants. This report summarises the evidence collected from these activities and sets out ESMA’s advice to the...
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