EU Finance Chiefs Call for Integrated Supervision of Capital Markets

Euro-area finance ministers called for more integrated supervision of capital markets across the European Union with the aim of strengthening risk sharing and reducing red tape for businesses and investors.

According to a draft statement seen by Bloomberg, ministers want the European Commission, the EU’s regulatory arm, to come up with proposals for single supervision for entities that want it and have significant cross-border activity. This would be done by the European Securities and Markets Authority.