Regulatory Alerts2026-04-09
Opinion of the European Central Bank on capital market integration and supervision within the Union
The European Central Bank issued this opinion to endorse the European Commission's proposals for further integrating capital markets and enhancing financial supervision across the Union. The ECB supports granting the European Securities and Markets Authority direct supervisory powers over systemic entities, including central counterparties and central securities depositories, while ensuring adequate governance and resources. Additionally, the opinion recommends strengthening the ECB's non-voting participation in ESMA bodies and improving data access for central banks to better monitor financial stability risks.
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