European Commission Unveils Financial Market Reforms to Boost Economy
The European Commission has introduced a comprehensive financial market reform package aimed at stimulating economic growth and expanding the Capital Markets Union (CMU). EU Commissioner Maria Luís Albuquerque emphasized the urgency of swift approval, targeting full implementation by 2027. The reforms address fragmentation, intra-group management, and supervision hurdles while paving the way for tokenization and cross-border asset management.
Albuquerque framed the initiative as a political imperative rather than a technical adjustment, noting its potential to unlock private funding and create wealth-building opportunities. The December 4 proposal specifically targets legislative barriers that have historically constrained financial services integration across member states.
