07:38 AM EDT, 10/09/2026 (MT Newswires) -- European Union member states reached a preliminary agreement on a package intended to revamp financial markets supervision, advancing efforts to build a unified European capital market to boost economic competitiveness, Bloomberg News reported Friday. The news outlet said EU finance ministers met in Luxembourg to approve the Markets Integration and Supervision Package, which will centralize market oversight under the Paris-based European Securities and Markets Authority, pending approval from the European Parliament Ireland, which currently holds the bloc's rotating presidency, brokered a key compromise proposal to break a deadlock over executive board powers, funding, and direct supervision exemptions for major entities like Deutsche Börse (DB1.F), Bloomberg added. The European Securities and Markets Authority and Deutsche Börse did not immediately respond to requests for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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