On 15 June 2017, the European Securities and Markets Authority (ESMA) published its 2016 Annual Report, which sets out ESMA’s objectives, activities and key achievements during the course of 2016.

In 2016, ESMA continued to make progress in its mission of enhancing investor protection and promoting stable and orderly financial markets through its four activities of:

• assessing risks to investors, markets and financial stability;
• creating a single rulebook;
• promoting supervisory convergence; and
• supervising credit rating agencies and trade repositories.

The Report contains details about ESMA’s work under each of these activities, with a focus on the key achievements in each of those areas.