Six EU nations agree to joint capital market supervision, stronger crypto oversight

Six major European Union nations—Germany, France, Italy, Poland, Spain, and the Netherlands—have agreed to establish a joint capital market supervision system, Reuters reported. The agreement includes measures to ease barriers for cross-border fund management and expand the European Securities and Markets Authority's (ESMA) supervisory powers over key financial market infrastructure. The countries also agreed to strengthen the authority of EU regulators to supervise crypto-asset trading.