" The primary objective of the MNB shall be to achieve and maintain price stability. Without prejudice to its primary objective, the MNB shall support the maintenance of the stability of the financial intermediary system, the enhancement of its resilience, its sustainable contribution to economic growth; furthermore, the MNB shall support the economic policy of the government using the instruments at its disposal. "
ESMA statement on Operating Principles and Areas of Exploration in the Regulation of the Cross-Border Derivatives Market
Leaders of authorities with responsibility for the regulation of the over-the-counter
(OTC) derivatives markets in Australia, Brazil, the European Union, Hong Kong,
Japan, Ontario, Quebec, Singapore, Switzerland and the United States,1 met on
November 28, 2012 to discuss reform of the OTC derivatives market as agreed by
the leaders at the G-20 Pittsburgh Summit in September 2009.
The whole text is available attched.
ESMA statement on Operating Principles and Areas of Exploration in the Regulation of the Cross-Border Derivatives Marketdata/cms2379014/esma_statement.pdfapplication/pdf1311356011618410