Romania Joins Group That Sets New Financial Order In Europe

05.19.2011 ZF English

Adriana Tanasoiu, general manager of the Central Depository, was selected in the Securities and Markets Stakeholder workgroup, part of the European Securities and Markets Authority (ESMA), and will thus participate in the creation of the new framework of regulation for European capital markets where hundreds of billion euros are traded.

More than 200 financial institutions, stock exchanges and ruling authorities across Europe, including the large investment banks, competed for a seat among the 30 that comprise the Securities and Markets Stakeholder workgroup.

The workgroup is in charge with the implementation of reforms on European capital markets, such as those related to stock, derivatives and clearing.

The head of the Central Depository, the institution that handles the payment operations linked to transactions sealed on the Bucharest Stock Exchange, was selected on the basis of her CV.

Adriana Tanasoiu, 46, is the only Romanian present in this group, which includes such members as Xavier Rolet, London Stock Exchange CEO, Sally Dewar, general manager of JPMorgan, Roland Gaston-Bellegarde, an executive vice president with NYSE Euronext. Within the group, she will represent financial market participants.