🇪🇺 The European Union is planning a comprehensive reform of financial markets by 2027!
Maria Luis Albuquerque, the European Commission's Financial Services Commissioner, announced that the goal this time is clear: to implement the full capital reform package by 2027. 🕒 For the first time, an official timetable is set for this major initiative.
Here are the highlights of the plan:
• Strengthening oversight: Expanding the powers of the European Securities and Markets Authority (ESMA) to include all major players, including cryptocurrency companies 💹.
• Merging fragmented markets: Controlling trading platforms and central repositories to unify the European market.
• Comprehensive review of banking laws: The European Central Bank will present proposals to simplify banking regulations before the end of next year 🏦.
But the road is not easy 🚧, as some member states have expressed strong opposition, making approval of the proposal a challenge that requires speed and wisdom.
This reform could be a historic step towards an integrated and transparent European market, providing investors with greater confidence and unprecedented growth opportunities. 🌟
Do you think these reforms will make a real difference in European markets? Share your opinion! 👇