Stronger and More Integrated European financial Supervision
Yesterday the Commission released a fact sheet proposing to further strengthen and integrate EU financial market supervision. This requires a reinforced coordination role for all ESAs and new direct supervisory powers for ESMA. To make this work, the Commission is proposing to make the ESAs' governance and funding fit for their new tasks.
This reform is also a response to new opportunities and challenges in supervision: it will promote sustainable finance and make sure the EU is up to speed with new financial technologies (FinTech).
Category: Group News