EU Pitches Sweeping New Powers for Markets Watchdog

EU Pitches Sweeping New Powers for Markets Watchdog


Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up.

The EU today unveiled a sweeping new plan to transfer more supervisory and enforcement powers to its markets regulator, a key part of its savings and investment union.

Under the proposal — first reported by Bloomberg last month — the Paris-based European Securities & Markets Authority will gain new powers over significant clearing houtilizes, central securities depositories and trading venues. Crypto firms — for which the EU introduced a national supervision regime less than a year ago — will also fall under its remit.



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