European Financial Watchdog Warns Against Diluting Market Oversight Powers

European financial watchdogs insist that integrating capital markets requires strengthening centralized regulatory powers rather than watering them down.

The outgoing head of the European Securities and Markets Authority has cautioned that ongoing political negotiations regarding financial services oversight must not undermine supervisory standards. Regulators argued that creating a truly integrated European market requires robust centralized powers rather than weaker policing, particularly as the bloc attempts to incorporate emerging sectors like cryptocurrency. The watchdog emphasized that compromising on enforcement authority to reach political compromises would ultimately fracture the financial system.

• The warning comes amid active negotiations over which financial entities will fall directly under pan-European regulatory supervision.
• Regulators specifically highlighted the need for expanded powers to effectively oversee the growing cryptocurrency sector.
• Officials argue that diluted enforcement authority will obstruct broader efforts to deepen and integrate the continent's capital markets.

In this story

Covered by 2 outlets

• CNAEuropean regulators need more powers to police crypto, watchdog says10h ago · open ↗
• Financial TimesEU can’t integrate markets if it dilutes supervision, watchdog warns23h ago · open ↗

Similar stories

• Soaring Artificial Intelligence Borrowing Sparks Financial Sector Volatility Concerns12h ago
• Prediction Market Platforms Face Expanding Regulatory Pressures Across Multiple Jurisdictions2d ago
• European Union Urged to Leverage Artificial Intelligence for Economic Growth3d ago
• EU budget needs taxes governments aren’t already raising, Costa says1w ago
• Digital euro makes debut in wholesale financial markets1w ago
• Healey to ask EU finance ministers to let UK into Made in Europe scheme1w ago