Watchdog ESMA vows orderly functioning of EU markets amid Ukraine crisis
LONDON, March 14 (Reuters) - The European Union’s markets watchdog ESMA said on Monday it was coordinating the bloc's regulatory response to the Ukraine war to ensure they continued to function in an orderly manner.
The European Securities and Markets Authority said it was closely monitoring the crisis' impact adding that it was "prepared to use its relevant tools to ensure the orderly functioning of markets, financial stability and investor protection."
It added it would monitor key parts of the system such as central counterparties and credit rating agencies, and make sure sanctions and trading bans on Russia assets were imposed consistently in different countries.
Reporting by Marc Jones
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