Jean Guill joins 6 member management board of new EU securities market supervisor
Jean Guill, director general of Luxembourg’s financial supervisory authority, the CSSF, has been appointed to the management board of the new European Securities and Markets Authority. He joins five other European Union securities regulators on the board, which is responsible with making sure the ESMA supervisory board carries out its duties to safeguard financial stability in the EU.
ESMA is one of three new European Supervisory Authorities that came into being on 1st January 2011, creating a new architecture for supervision at a European level. The ESAs, which replace the former European Committees for the banking, securities and insurance and occupational pensions sectors1, are the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA).
In cooperation and coordination with nationally-based supervisors, the ESAs are in place to ensure that EU rules are applied in a rigorous and consistent fashion throughout the European Union, to monitor developments within the financial system and detect potential risks to financial stability.
Read more about the management board of ESMA
Read more about ESMA