EU Commissioner Promises Action on Pensions, Crypto by Year End

The European Union has set itself a year-end deadline for taking the next steps to boost pension investment and make trading easier, as officials battle to inject momentum into the rejuvenation of Europe’s capital markets.

EU financial services commissioner Maria Luis Albuquerque laid out the plans on Thursday. She also announced that the commission is considering granting direct supervisory powers to its top markets watchdog, the Paris-based European Securities and Markets Authority.

Maria Luis Albuquerque

Photographer: Simon Wohlfahrt/Bloomberg

“The goal is to remove cross-border barriers, cut administrative costs and simplify the rules,” Albuquerque told a conference in Copenhagen.

Her announcement comes at a ...