Some of ESMA’s empowerments need further framing, legal service says
By Fanny Roux ( May 27, 2026, 16:03 GMT | Insight) -- The EU package proposal — transferring supervisory powers to the EU market watchdog from national supervisors — could respect the balance of powers between EU institutions if some adjustments are made to ensure these empowerments are sufficiently constrained, the legal service of the Council of the EU has said in an opinion seen by MLex.The EU market watchdog's empowerments in the proposal for better integrated capital markets should be "further framed" in order to respect the balance of powers among the EU institutions, the legal service of the Council of the EU — representing EU governments — says in an opinion seen by MLex....
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