ECB Backs Centralized EU Financial Supervision Plan
The ECB supports shifting financial oversight to the EU level to boost competitiveness. It emphasized that ESMA must have sufficient resources and staffing.
Xurve View
Xurve View
The European Central Bank (ECB) has formally endorsed a proposal by the European Commission to centralize financial supervision across the European Union, a move intended to integrate capital markets more effectively. While the central bank supports the shift toward joint oversight, it emphasized that the transition must be supported by adequate staffing and financial resources to ensure stability.
