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Former UK regulator Ross to chair EU securities watchdog ESMA
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EU picks Germany s Ross to run financial markets regulator
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TO VAX OR NOT TO VAX: In the German debate about how to best nudge those who remain stubbornly unvaccinated toward getting jabbed, there’s disharmony across the political tribes and the federal and state levels, but also within parties. Armin Laschet, the CDU’s candidate for chancellor in the September election, said those who test negative for the coronavirus, have recovered from COVID or are vaccinated ought to be exempt from restrictions. He told ZDF in an interview that aired Sunday evening: “I don’t believe in mandatory vaccination, and I don’t believe in putting indirect pressure on people to get vaccinated.”
A months-long stalemate over who should be the next boss of the EU’s powerful financial markets regulator is embarrassing diplomats and putting the authority’s functioning at risk.
But with Germany and Italy equally convinced their nominees should win, the problem won’t be solved soon.
The European Securities and Markets Authority has become increasingly powerful since its founding a decade ago, gaining direct oversight over some financial players and making its top job a prized posting. The candidates to lead the Paris-based authority are Italian regulator Carmine di Noia and German national Verena Ross, formerly the authority’s No. 2.
RUBICON DAY: Polish Prime Minister Mateusz Morawiecki is in town for dinner with European Commission President Ursula von der Leyen tonight. Whether they meet on the same bank of the Rubicon will depend on Poland’s Constitutional Court or what’s left of it: Its judges will decide as early as today whether the government can point to domestic case law to claim it can disregard EU legislation and European Court of Justice rulings. Hard to imagine that von der Leyen and Morawiecki will discuss the Green Deal and other policy issues as if nothing has happened, should the Polish judges greenlight their government’s legal viewpoint.
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