Finance ministers from the EU's six largest economies have reached a common position on a proposal for joint capital markets supervision. This move aims to boost the bloc's competitiveness amidst global economic challenges.

Finance ministers ⁠from the EU’s six ⁠biggest economies (E6) have agreed a ⁠common position on a European Commission proposal for joint capital markets supervision, Germany’s finance ministry said on Friday. The push for financial market players to be supervised at a European Union rather than national level is part ‌of a bid to boost the bloc’s competitiveness as it struggles with weak growth and fierce competition from the United States and China. Supervision of significant market...