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Exclusive: Germany shields parts of Deutsche Börse from EU oversight

The EU is negotiating a reform in Brussels to better integrate its capital markets. Germany has secured an exemption for major European operator Deutsche Börse’s domestically focused trading venues…

  • Some Deutsche Börse trading venues exempt from EU oversight due to German lobbying.
  • Centralization of oversight aims to shift supervision to ESMA, but opposition exists.
  • CCPs and CSDs directly supervised by ESMA from start, despite exemption.

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