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    Binnenmarktreform: Luxemburg und Irland lehnen zentralisierte EU-Finanzaufsicht ab

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    2. Tamberlox on

      As a Luxembourger this is deeply disappointing, our country will veto any financial reform that sees a more egalitarian system applied EU-wide

    4. conmeonemo on

      It’s not surprising.

      For the issuers Luxembourg and Ireland are only sensible competent authorities. AMF is an AMF and BaFin is considered even more bureaucratic than Polish PFSA, with which any regulatory proceedings is…an experience.

      CSSF has also some regulatory niches like funds, where it’s the only one jurisdiction that knows what is doing vis a vis professional entities.

      As we don’t have a FCA anymore, any supervision consolidation taking into account other practice than two business friendly markets will end in disaster and capital markets union essentially worsening the market situation.

    6. soymilo_ on

      I mean it makes sense. Not everyone can be as dumb as Germany nuking their own economy 

    7. TheJewPear on

      I would be happy if the centralized EU financial supervision is done by the CSSF.

    11. conorevan on

      What would the single market reforms change? Apologies for being uniformed, but genuinely curious.

    13. fruitloop4129 on

      Its not surprising. But the Lux and Irish are the only regulators that knows what they are doing.

      More power to centralisation also means that its going to have Esma involvment. Did you see those salaries ? Additional cost for supervision and one more middleman.

    14. Sweaty-Adeptness1541 on

      Good. They are both sovereign nations and don’t need ‚financial supervision‘ like naughty children.

    15. Freedom_for_Fiume on

      I wonder how, I wonder why

      Yesterday you told me ‚bout the blue, blue sky

      And all that I can see is just another lemon tree

      I’m turnin‘ my head up and down

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