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EU countries agree to shift oversight of major financial markets to European authority ESMA

EU countries struck a deal on Friday to give the EU’s financial markets watchdog more powers, aiming to make cross-border investment easier and help businesses raise more money across the bloc.

  • EU finance ministers agree to shift oversight of major financial markets to European authority ESMA.
  • Market Integration and Supervision Package (MISP) aims to harmonize rules across EU.
  • Deutsche Börse's domestic trading venues may remain under regional German supervision.

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