European Commission Paves Way for New SEC-Style Regulator

The European Commission is proposing a significant overhaul of the financial system in Europe by giving the existing European Securities and Markets Authority (ESMA) increased power. This initiative aims to create a unified regulatory framework encompassing stock exchanges, crypto trading platforms, and clearing houses under a single regulator. “, This move reflects a long-standing concern regarding fragmentation within European markets that inhibits cross-border trading and hinders business growth.