TechFlow, September 19 — According to Jinshi Data, the European Union has set an end-of-year target to take further measures by year-end to promote pension fund investments and streamline trading processes, aiming to revitalize Europe's capital markets. EU Financial Services Commissioner Albuquerque unveiled the related plans on Thursday.
She also announced that the European Commission is considering granting direct regulatory authority to its top market regulator based in Paris—the European Securities and Markets Authority (ESMA). She stated that as regulatory powers shift toward ESMA, the Commission will assess the feasibility of centralized oversight over certain market infrastructures, such as central counterparties, central securities depositories, and trading venues.
She added that emerging sectors, including crypto-asset service providers, would also benefit from more centralized regulation, emphasizing that this move would not diminish the role of national regulators.
