UK head for new EU markets watchdog

Verena Ross, a German national but a director at the UK’s Financial Services Authority, was nominated in February 2011 as executive director – or chief executive – of the new European Securities and Markets Authority, the Paris-based watchdog overseeing financial and securities markets.

This was seen in a move that counters the United Kingdom's concerns about increasing continental influence over trading activities.

ESO: Background information: European Securities and Markets Authority (ESMA) http://www.europeansources.info/record/website-european-securities-and-markets-authority-esma/

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