The Esma boss is concerned that young private investors in particular are underestimating the risks on the stock exchanges.
(Photo: ESMA)
Frankfurt After the Russian attack on Ukraine, the EU financial market supervisory authority Esma expects violent fluctuations on the stock exchanges for some time to come. “This is not only due to the war in Ukraine, but also to the high inflation rates and possible interest rate increases,” said Esma boss Verena Ross in an interview with the Handelsblatt. “In view of this mix-up, investors must prepare for turbulent times.”
Esma is currently watching financial companies and funds that focus on Russia, Ukraine or the commodity markets particularly closely. “For products that are closely related to the Russian or Ukrainian market, there are currently not only liquidity problems, but also valuation problems,” said Ross, who has been at the helm of Esma since November. “Overall, the risks in the markets remain high.”
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