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ECB President: Europe should establish a European institution corresponding to the U.S. SEC

European Central Bank President Christine Lagarde recently proposed a groundbreaking idea that could completely change Europe's financial regulatory framework. Lagarde advocates for the establishment of a European institution that corresponds to the United States Securities and Exchange Commission (SEC). This move aims to enhance Europe's financial capabilities in order to effectively respond to urgent challenges in the region. The establishment of a European Securities and Exchange Commission, which replaces the current piecemeal national regulatory agencies, is considered crucial for raising the large amount of funds needed to address these challenges. This new regulatory agency will not only simplify regulation, but also improve the efficiency of the entire European capital market. In addition, Lagarde emphasized the need for integration between European national financial exchanges.

Lagarde believes that a unified European capital market is crucial for cultivating a strong economic environment. This integration can not only simplify financial processes, but also enhance Europe's position in the global financial arena.

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