Europe markets watchdog bids to become EU’s version of SEC

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We need to look particularly at all the cross-border systemically important infrastructure players,” Ross told the Financial Times, adding this would include exchanges, clearing houses and settlement systems.

Draghi also called for Esma to strengthen its independence from national authorities that hold most of the voting positions on its board, by introducing independent members similar to those sitting on the ECB’s supervisory board, which oversees major Eurozone banks.

She suggested the EU missed an opportunity with its landmark crypto markets regulation, which comes into force at the end of the year but will leave oversight of companies in the hands of national authorities.“Would it have been more effective to have done it at an EU level?

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Article Details

Author / Journalist: Martin Arnold

Category: MarketsFinanceInvesting

Markets: United StatesIrelandLuxembourg

Topics: Markets Capital Authorities National Ross Powers Esma Central Market Financial European

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-21 @ 04:00:20 (15 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 723 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23147865

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 10 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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News Language: English

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Publisher ID: #3

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