EU sets year-end goals to promote pension investment and simplify transaction processes

According to ChainCatcher, the EU has set an end-of-year target to demand further measures to promote pension investment and simplify the transaction process to promote the resurgence of European capital markets. EU Financial Services Commissioner Albuquerque has announced plans to consider granting direct regulatory power to the European Securities and Markets Authority (ESMA) to centrally regulate certain market infrastructure. Emerging areas such as crypto asset service providers will also benefit from more centralized regulation.