EU steps up capital market reforms, granting more supervisory powers to ESMA from 2027

The EU is moving towards implementing major reforms to further integrate the capital markets by 2027, according to Bloomberg. EU Financial Services Commissioner Maria Luis Albuquerque stated that this plan will transfer additional supervisory powers to the European Securities and Markets Authority (ESMA). Specifically, ESMA will take on a larger role in overseeing clearing houses, exchanges, and even cryptocurrency companies—a sector that is receiving increasing attention amid the need for greater standardization and risk control across the bloc.

This move is seen as a step forward in strengthening financial stability, enhancing transparency, and facilitating intra-bloc capital flows. However, the plan still requires approval from the European Parliament and member states before it can be officially implemented.