Deputy Governor Roux elected chair of ESMA’s Investment Management Standing Committee

Deputy Governor (Financial Regulation) Cyril Roux has been elected as Chair of the Investment Management Standing Committee of the European Securities and Markets Authority (ESMA).  The appointment is for a period of two years and is effective immediately. 

The Investment Management Standing committee of ESMA is responsible for fostering supervisory convergence amongst national competent authorities, implementation of new rules and providing guidance on existing requirements for the investment funds sector.  In addition to this, the committee produces technical advice to other European institutions, such as the European Commission.  

The Central Bank has held the Chairmanship of this standing committee since 2012.  This continued appointment demonstrates the organisation’s commitment to contributing effectively to European policy development. 

Speaking after the appointment, Mr Roux said, “The Central Bank’s continued occupancy of this role reflects our commitment to contribute to the current international regulatory work on asset management and financial stability, which will be an important element of ESMA’s work plan in the coming period.  It also reflects range and depth of knowledge in Ireland’s investment funds sector and it's standing in European policy forums.”