Regulatory Alerts2024-03-12
Next steps for the European Capital Markets Union (CMU)
The Dutch Authority for the Financial Markets (AFM) and De Nederlandsche Bank (DNB) propose six key recommendations to advance the European Capital Markets Union and reduce market fragmentation. The regulators urge the centralization of ESMA's supervisory mandate for critical cross-border infrastructures to enhance regulatory consistency and supervisory effectiveness. Additionally, they advocate for national capital market strategies, clearer sustainable finance labels, and improved data comparability to stimulate investment and protect consumers.
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