{
  "id": 13122795,
  "title": "Finance ministers strike market supercop deal despite Brussels’ objections",
  "url": "https://urgent.news/2026/10/09/finance-ministers-strike-market-supercop-deal-despite-brussels",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T11:27:33.000Z",
  "source": {
    "name": "Politico EU",
    "slug": "politico-eu",
    "url": "https://www.politico.eu/article/finance-ministers-strike-market-deal-despite-brussels-objections/"
  },
  "original_language": "en",
  "account": "EU finance ministers reached a compromise on Friday to strengthen the bloc’s markets watchdog, despite objections from Brussels. Most ministers supported the Council's position on MISP, a package of bills aimed at integrating and policing financial markets. The plan gives the EU’s securities regulator powers to oversee major financial players, boosting Europe’s competitiveness as an investment hub. However, capitals stopped short of granting the watchdog full autonomy, causing criticism from the European Commission. France pushed for a last-minute strengthening of the watchdog's executive powers, but the Commission and ECB President Christine Lagarde remained concerned. The deal also includes supervisory carve-outs for large stock exchanges, like Germany’s Deutsche Börse, which critics say favor bigger member countries. Belgium expressed strong opposition to the carve-outs, questioning the preference shown to the bloc’s largest nations. The EU budget would cover 60% of ESMA’s costs, excluding industry fees, while national supervisors would shoulder the remaining 40%.",
  "summary": "The European Commission “deeply regrets” the deal, which would give national regulators powerful checks on the watchdog’s work.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}