The European Central Bank supports the EU's centralized financial supervision plan.

CoinFeed reported on April 12 that, according to Reuters, the European Central Bank (ECB) has approved the European Commission's plan to better integrate EU capital markets through joint supervision. The plan proposes transferring regulatory authority over major trading venues, central counterparties, central securities depositories, and crypto asset service providers from national authorities to the European Securities and Markets Authority (ESMA) in Paris. The ECB warned that the ESMA must be adequately staffed and funded and recommended a phased transition.