EU Countries Agree to Shift Major Financial Market Oversight to ESMA
9 Articles
9 Articles
The 27 EU countries find a compromise on financial supervision. Criticism from the Commission, but progress on market integration.
Reformatorisch Dagblad
welingelichtekringen.nlEU finance ministers reached an agreement in Luxembourg on Friday to strengthen the Capital Markets Union. In it, they agreed, among other things, to transfer more powers from their national regulators to the European regulator ESMA. Exceptions are possible, however, allowing the German stock exchange company Deutsche Börse, for example, to remain under local supervision.
The European Union member states have reached a political agreement on the reform of financial market supervision, after more than 10 years of efforts.
LUXEMBOURG (ANP) - EU finance ministers reached an agreement in Luxembourg on Friday to strengthen the Capital Markets Union. In it, they agreed, among other things, to transfer more powers from their national regulators to the European regulator ESMA. There...
EU countries agree on how they want the financial market to be supervised, although the EU Commission is critical.
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