Euronext, LCH back Esma as exchange super-regulator

Euronext and LCH are championing the European Securities and Markets Authority (ESMA) as the unified regulator for exchanges, arguing that the current fragmented regulatory landscape puts Europe at a disadvantage compared to the US. This push highlights the ongoing debate over consolidating oversight, with some stakeholders hesitant about relinquishing control to a single body. The move could streamline regulation and potentially enhance market stability and efficiency across Europe, though it may face resistance from those wary of centralized power.