AFM and AMF propose five levers for effective EU capital markets supervision
AFM and AMF jointly identified five levers to strengthen European supervision of capital markets, from design to implementation.
The joint paper signals coordinated Franco-Dutch pressure for stronger, more integrated EU capital markets supervision, likely feeding into ESMA and Commission workstreams. Market participants active across the EU should anticipate more harmonised and intrusive supervisory practices in the medium term.
Coordinated positions from major NCAs shape ESMA convergence work and future supervisory expectations for cross-border capital markets firms.
Action Required
Track joint AFM-AMF proposals and assess impact on cross-border supervisory expectations for capital markets operations.
Joint NCA policy interventions are leading indicators of EU supervisory reform and directly relevant to strategic capital markets planning.
Monitor AFM-AMF proposals and ESMA follow-up; assess implications for cross-border reporting, market abuse surveillance and issuer disclosure obligations.
“AFM and AMF identify five levers to promote effective European supervision of capital markets, from design to implementation, covering supervision, Europe & international, markets, listed companies and issuers.”