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By Helena FREITAS and Antoine KREMER, ABBL
Verena Ross has been appointed as the new Chair of the European Securities and Markets Authority (ESMA). After months of deadlock in the Council on the selection of the next ESMA Chair, Verena Ross has finally triumphed. Other candidates for the post were Portuguese Maria Luis Albuquerque, former Finance Minister of Portugal, and Italian Carmine di Noia, Commissioner of CONSOB (Commissione Nazionale per le Società e la Borsa). Carmine di Noia was the main rival in the race and the blockage in the Council was mainly due to what appeared to be differences between the German and Italian leaning groups of Member States.
Biography
Ms Ross is a well-known financial...
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