Europe Private Credit Reporting Burden to Be Eased, ESMA Says

Europe’s top markets regulator said she is trying to ease the cost and effort required for hedge funds and private credit firms to comply with new rules which will require them to hand over more data to authorities.

“We can reduce the complexity and reporting burden and cost that is currently in the system,” Verena Ross, the chair of the European Securities and Markets Authority, said in an interview. The watchdog will make proposals in April on how to simplify reporting, notably via better coordination between authorities, she said.