EU Capital Markets Union: Six countries agree on reforms

A More Sovereign Europe Major EU Countries Reach Agreement on Capital Markets

2026-06-01 Source: dpa 1 min Reading Time

Related Vendor

SIMTOS (Seoul International Machine Tool Show)

In order for the capital markets in the EU to work more closely together, the more dominant countries have agreed on a position ...

Closer cooperation between the capital markets in Europe has been under negotiation for many years. The six largest EU economies have now taken a step forward, according to reports. However, this also entails stricter controls ...(Image: Flaggilus) — Closer cooperation between the capital markets in Europe has been under negotiation for many years. The six largest EU economies have now taken a step forward, according to reports. However, this also entails stricter controls ...
(Image: Flaggilus)

The Federal Ministry of Finance has now announced that the major EU countries have agreed on a common position to bring the capital markets closer together. Minister Lars Klingbeil (SPD) had previously met with counterparts from the other major EU economies France, Italy, the Netherlands, Poland and Spain. The six EU states with the strongest economies are now acting together to make Europe more sovereign and stronger. The fact that these EU economies are prepared to put national egoisms behind them and move forward together is therefore an important signal for the entire European Union. And according to Klingbeil, further steps towards the European Capital Markets Union have also been agreed on the subject of supervision.

European Supervisory Authority Gets More Powers

However, work on the so-called Capital Markets Union has also been going on for years. In terms of the single market, the aim is to accelerate the integration of the still fragmented European capital markets in order to mobilize more private investment, according to reports. An EU reform package also aims to transfer supervisory powers over major cross-border players to the European Securities and Markets Authority (ESMA). For example, the supervision of major market infrastructures and certain trading venues is to be gradually transferred to ESMA. In their current form and size, German trading venues would not currently be subject to any supervisory duties. The supervisory competence for major crypto service providers is also to be gradually transferred to the European supervisory authority.

Subscribe to the newsletter now

Don't Miss out on Our Best Content

Business E-mail

Please enter a valid mailadress.

By clicking on „Subscribe to Newsletter“ I agree to the processing and use of my data according to the consent form (please expand for details) and accept the Terms of Use. For more information, please see our Privacy Policy. The consent declaration relates, among other things, to the sending of editorial newsletters by email and to data matching for marketing purposes with selected advertising partners (e.g., LinkedIn, Google, Meta)

Date: 08.12.2025

Naturally, we always handle your personal data responsibly. Any personal data we receive from you is processed in accordance with applicable data protection legislation. For detailed information please see our privacy policy.

Consent to the use of data for promotional purposes

I hereby consent to Vogel Communications Group GmbH & Co. KG, Max-Planck-Str. 7-9, 97082 Würzburg including any affiliated companies according to §§ 15 et seq. AktG (hereafter: Vogel Communications Group) using my e-mail address to send editorial newsletters. A list of all affiliated companies can be found here

Newsletter content may include all products and services of any companies mentioned above, including for example specialist journals and books, events and fairs as well as event-related products and services, print and digital media offers and services such as additional (editorial) newsletters, raffles, lead campaigns, market research both online and offline, specialist webportals and e-learning offers. In case my personal telephone number has also been collected, it may be used for offers of aforementioned products, for services of the companies mentioned above, and market research purposes.

Additionally, my consent also includes the processing of my email address and telephone number for data matching for marketing purposes with select advertising partners such as LinkedIn, Google, and Meta. For this, Vogel Communications Group may transmit said data in hashed form to the advertising partners who then use said data to determine whether I am also a member of the mentioned advertising partner portals. Vogel Communications Group uses this feature for the purposes of re-targeting (up-selling, cross-selling, and customer loyalty), generating so-called look-alike audiences for acquisition of new customers, and as basis for exclusion for on-going advertising campaigns. Further information can be found in section “data matching for marketing purposes”.

In case I access protected data on Internet portals of Vogel Communications Group including any affiliated companies according to §§ 15 et seq. AktG, I need to provide further data in order to register for the access to such content. In return for this free access to editorial content, my data may be used in accordance with this consent for the purposes stated here. This does not apply to data matching for marketing purposes.

Right of revocation

I understand that I can revoke my consent at will. My revocation does not change the lawfulness of data processing that was conducted based on my consent leading up to my revocation. One option to declare my revocation is to use the contact form found at https://contact.vogel.de. In case I no longer wish to receive certain newsletters, I have subscribed to, I can also click on the unsubscribe link included at the end of a newsletter. Further information regarding my right of revocation and the implementation of it as well as the consequences of my revocation can be found in the data protection declaration, section editorial newsletter.