ECB economists urge EU watchdog to oversee major asset managers to prevent financial blind spots
ECB economists suggest the EU watchdog oversee top asset managers to fix oversight gaps. This push aims to integrate markets and boost financial stability.
Insights:
Economists at the European Central Bank (ECB) published a blog post on February 13, 2026, proposing that the European Securities and Markets Authority (ESMA) coordinate the oversight of the largest firms in the asset management sector within the European Union. The proposal, authored by Ana Maria Ceh and Pierce Daly, aims to close supervisory blind spots and strengthen the resilience of the financial system. By centralizing oversight for systemic players, the economists seek to preserve credit and liquidity flows during periods of stress, addressing risks that national supervisors may not fully capture on their own.
