Esma promises restraint over new banning powers
By James Crisp ( December 5, 2011, 17:29 GMT | Insight) -- The European Securities and Markets Authority (Esma) will not wield its new banning powers over investment products as an 'everyday' tool, MEPs were told this evening.The regulator is set to be given the sanction under European Commission proposals for a revision of the Market in Financial Instruments Directive (Mifid).Brussels - The European Securities and Markets Authority (Esma) will not wield its new banning powers over investment products as an 'everyday' tool, MEPs were told this evening....
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