The European Commission proposes expanding the powers of the European Securities and Markets Authority (ESMA), raising licensing concerns.
Jinse Finance reported that on Thursday, the European Commission released a package of proposals suggesting "direct supervision" of key market infrastructures, including Crypto Asset Service Providers (CASP), trading venues, and the European Securities and Markets Authority (ESMA) central counterparties. If the proposal is approved, the role of ESMA in supervising EU capital markets will become closer to the centralized framework of the U.S. Securities and Exchange Commission, a concept initially proposed by European Central Bank (ECB) President Christine Lagarde in 2023.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Major progress made in the US-South Korea $350 billions investment agreement; the first project targets a $22.3 billions gas power plant in Texas
The long-standing investment agreement between the United States and South Korea has made "significant progress."
Proact launches share buyback program, caps holdings at 10% of outstanding shares
SBF swings to H1 FY26 profit of €0.6 million; EBITDA more than doubled to €1.6 million
Euro: De-escalation risk weighs on EUR against US Dollar – Commerzbank
Crypto prices
More
