{"id":459587,"date":"2026-07-10T15:49:24","date_gmt":"2026-07-10T13:49:24","guid":{"rendered":"https:\/\/www.eunews.it\/2026\/07\/10\/mercati-finanziari-accordo-ecofin-a-cercare-unintesa-per-ottobre\/"},"modified":"2026-07-10T17:10:50","modified_gmt":"2026-07-10T15:10:50","slug":"financial-markets-ecofin-agrees-to-seek-an-agreement-by-october","status":"publish","type":"post","link":"https:\/\/www.eunews.it\/en\/2026\/07\/10\/financial-markets-ecofin-agrees-to-seek-an-agreement-by-october\/","title":{"rendered":"Financial markets: Ecofin agrees to seek an agreement by October"},"content":{"rendered":"

Brussels \u2013 An agreement<\/strong> on the package on financial market integration and supervision by October<\/strong>: the economy and finance ministers of the 27 Member States have given themselves the political mandate to try to achieve this, accepting the deadline proposed by the EU Council Irish Presidency. These are measures to overcome the fragmentation of financial markets, better known by the acronym “MISP<\/a>“, a central component of the Savings and Investment Union<\/a> strategy.<\/span><\/span><\/span> <\/p>\n

The first Ecofin Council chaired by Ireland has therefore reached a political agreement on the timetable, which will facilitate more effective work across all technical and negotiating forums. No objections were raised in this regard. On the contrary, there was widespread appreciation for the initiative and the display of leadership, to the extent that the current Ecofin President, the Irish Minister for Finance, Simon Harris<\/strong>, at the conclusion of the proceedings was able to claim<\/strong> \u201cunanimous support<\/strong>\u201d for the idea of finalising the dossier in time for the meeting of economic ministers on 9 October<\/strong>, so that the agreement can be taken to the leaders\u2019 table at the European Council summit on 15 October. <\/p>\n

Over that timeframe, the issues that still characterise the debate will need to be resolved. Belgium and the Netherlands want to ensure there is no \u201cunnecessary duplication\u201d in supervisory processes. The European Commission proposal <\/a>provides for the transfer to the European Securities and Markets Authority (ESMA)<\/strong> of powers of direct supervision<\/strong> over key market infrastructures, such as certain trading venues, central counterparties (intermediaries), central securities depositories (banks and central banks),<\/span> and all cryptocurrency service providers. This raises concerns about potential overlap with national supervisory authorities.<\/span><\/span><\/span> <\/p>\n

De Guindos: “Unpredictability will last for years, financial integration urgent”<\/a><\/p><\/blockquote>\n