De la conception à la mise en œuvre : cinq leviers pour favoriser une supervision européenne efficace des marchés de capitaux
L'Autorité néerlandaise des marchés financiers (AFM) et l’Autorité des marchés financiers (AMF) soutiennent les propositions de la Commission européenne visant à renforcer la convergence de la supervision et l'intégration des marchés dans le cadre du « Market Integration and Supervision Package » (MISP). Alors que les discussions sur l'avenir des marchés de capitaux européens se poursuivent, l’AFM
Source: French Financial Markets Authority · August 7, 2026 at 1:46 AM · AI-assisted report
KUALA LUMPUR, 7 AUGUST 2026 —
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**EU Capital Markets Supervision Overhaul Gains Support from Dutch, French Regulators**
Market Impact
KUALA LUMPUR, Aug 7 — The Dutch Authority for the Financial Markets (AFM) and France’s Autorité des Marchés Financiers (AMF) have endorsed the European Commission’s proposals to enhance supervision convergence and market integration under the **Market Integration and Supervision Package (MISP)**.
The regulators highlighted five key levers to ensure an effective and cost-efficient centralised supervision framework across the EU, including risk-based oversight, proportional funding, independent governance, data centralisation, and robust enforcement.
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The proposals aim to streamline cross-border compliance burdens and deploy supervisory resources where they have the greatest impact. The AMF and AFM stressed that the focus should now shift from whether centralisation is necessary to how it should be implemented efficiently.
The MISP seeks to strengthen the role of the **European Securities and Markets Authority (ESMA)** as the central decision-making body, supported by national authorities. The package aligns with recent EU initiatives, such as the **Draghi and Letta reports**, which advocate deeper capital market integration to better finance strategic EU objectives.
**Details not yet available**
The AMF and AFM emphasised that an adaptive, risk-focused supervision model is critical to address emerging risks, innovation, and new economic models. They also called for transparent governance and effective cooperation between ESMA and national regulators to maintain market confidence.
The AMF, France’s financial markets watchdog, oversees investor protection, financial transparency, and market integrity, while the AFM regulates conduct across savings, investments, insurance, and pensions in the Netherlands. Both authorities operate as independent public bodies.