ESMA Guidelines and Recommendations

Russian war adds uncertainty and volatility to EU financial markets

ESMA Guidelines and Recommendations

Date: 05 October 2022
On 1 September 2022, the European Securities and Markets Authority (ESMA), published the second Trends, Risks and Vulnerabilities (TRV) Report of 2022. The Russian war on Ukraine against a backdrop of already-increasing inflation has profoundly impacted the risk environment of EU financial markets, with overall risks to ESMA’s remit remaining at its highest level.