EU Targets Pension Growth and Tighter Crypto Oversight
The European Union has set a year-end deadline to address challenges in pension investments and cryptocurrency trading, aiming to revitalize Europe's capital markets. Commissioner Maria Luis Albuquerque revealed plans to enhance pension growth and relax stringent crypto regulations during a conference in Copenhagen.
The EU is considering expanded supervisory powers for the European Securities and Markets Authority (ESMA) as part of broader economic reforms. These measures seek to dismantle cross-border barriers, reduce administrative costs, and simplify regulatory frameworks.
The announcement follows growing impatience with the bloc's sluggish progress on single-market reforms, a concern highlighted by former ECB President Mario Draghi last year.
