‘European SEC’ no silver bullet for growth
EU policymakers hope a single, centralised supervisor will help rev up Europe’s economy but critics are mustering
One regulator to rule them all, as JRR Tolkien almost wrote. European Union leaders are pushing for a single super-regulator to oversee the bloc’s trading venues, post-trade infrastructure and crypto firms, as part of plans to turbocharge economic growth and close the widening productivity gap between Europe and its transatlantic rival, the US.
This gap was concerning but manageable under the old
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