EU Commissioner Commits to Advancing Pension and Cryptocurrency Reform Within a Year

BlockBeats News, September 19th: The EU has set an end-of-year target requiring further action to promote pension fund investment and streamline transaction processes, aiming to inject momentum into the revival of the European capital market. EU Financial Services Commissioner Alburquerque unveiled the related plans on Thursday. She also announced that the European Commission is considering granting direct supervisory authority to the European Securities and Markets Authority (ESMA), its top market regulator based in Paris.

She stated that with the transfer of supervisory powers to ESMA, the European Commission will explore the feasibility of centralizing supervision of certain market infrastructures (such as central counterparties, central securities depositories, and trading venues). She added that emerging areas such as crypto asset service providers would also benefit from more centralized supervision, emphasizing that this move would not undermine the role of national regulators. (Jinse)