On capital markets integration, EU govts reach a scaled back but pragmatic deal
By Fanny Roux ( October 9, 2026, 16:49 GMT | Comment) -- A major deal on centralizing significant EU market entities was reached on Friday among EU finance ministers. The agreement narrows the proposed scope of entities transferred to ESMA, including trading venues, and weakens the proposed ESMA governance to favor national authorities. EU countries said it was the best achievable deal. But they will need to negotiate a final text with lawmakers, and the European Commission hopes for a rebalance to a more centralized supervision of market entities.“The perfect is the enemy of the good” is the guiding principle that drove the EU’s 27 finance ministers to overcome their differences and strike a deal on Friday on a package proposal transferring the supervision of significant market infrastructures from national authorities to the EU market watchdog....
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