2026-03-12 16:45
publication
2026-03-12 16:45
The finance ministers of the “big six” countries, i.e. the strongest EU economies, including Poland, appealed in a joint letter to accelerate the integration of capital markets. They want the European Commission to propose a thorough simplification of the rules governing financial services by the end of 2026.
The “big six”, apart from Poland, include: Germany, France, Italy, Spain and the Netherlands. This informal format of talks is intended to provide impetus for changes in the EU aimed at maintaining the competitiveness of European economies in the world.
– We confirm the need to develop a dedicated and comprehensive package of simplifications for financial services at European level, which will review the entire regulatory framework of the European financial market (in line with the conclusions adopted by the European Council on 23 October 2025), we read in the letter. According to its authors, this review must cover the core EU rules on financial services and cannot be limited to repealing or phasing out rules that no longer meet today's needs.
The finance ministers of the “big six” have pledged to remove all the bureaucracy that remains in their countries' regulations and hinders the development of financial services.
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The letter on the integration of capital markets was issued a week before the EU summit, at which European leaders are to discuss specific proposals to strengthen European competitiveness. One of the solutions is to be the integration of financial markets. The Capital Markets Union is intended to create additional opportunities for financing investments. By then, the European Commission is expected to present an action plan in this regard.
In addition to simplifying the rules regulating financial markets at the EU level, the ministers of the “big six” appealed in their letter to the member states to agree on a common position on the integration and supervision package proposed by the European Commission in December 2025 before the holidays. One of the key reforms will be the transfer of direct supervision over a significant part of the markets, including cryptoassets, to the European Securities and Markets Authority ESMA in Paris.
EU plans threaten the Polish capital market? “There are too many exchanges and depositories”
Gigantic excess liquidity in banks, the specter of capital being siphoned abroad and EU decision-makers who directly suggest that there are “too many stock exchanges and deposits” in Europe. Is the Saving and Investment Union (SIU) project an opportunity for development or a direct threat to the Polish capital market? This question was discussed by the panelists of the debate that took place during the KRK'26 conference.
From Brussels Magdalena Cedro (PAP)
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