What is the EU Commission's plan for financial market integration?

The EU Commission launched a legislative package to remove regulatory and supervisory barriers, creating a more unified EU financial market.

How will the new EU package affect market supervision?

Supervision will be streamlined, with ESMA gaining direct oversight over key market infrastructures and crypto-asset providers.

What is the goal of the EU's Savings and Investments Union Strategy?

The strategy aims to foster more integrated capital markets to support economic growth and enhance the EU's competitiveness.

Home / Business and Economy / EU Markets Unite: New Package Boosts Capital Integration

EU Markets Unite: New Package Boosts Capital Integration

24 Dec

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Summary

EU Commission proposes a major package for financial market integration.
Measures aim to eliminate barriers in trading, post-trading, and asset management.
Supervision will be enhanced, with ESMA gaining direct oversight powers.

EU Markets Unite: New Package Boosts Capital Integration

The European Commission has unveiled a comprehensive legislative package designed to fully integrate EU financial markets and address their persistent fragmentation and underperformance. This flagship initiative under the Savings and Investments Union Strategy seeks to enhance the EU's competitiveness by enabling seamless cross-border operations for financial institutions.

The proposed measures tackle barriers in trading, post-trading, and asset management, aiming to reduce cost differences for market participants. It includes enhanced passporting for regulated markets and central securities depositories, a new 'Pan-European Market Operator' status, and simplified cross-border distribution of investment funds. The package also facilitates innovation by adapting regulations for distributed ledger technology.