TechFlow News: According to BitcoinWorld, European Central Bank President Christine Lagarde proposed the establishment of a European institution corresponding to the U.S. Securities and Exchange Commission (SEC). The move is aimed at enhancing Europe's financial capabilities to effectively respond to the urgent challenges facing the region. The establishment of the European SEC will replace the current disorganized regulatory agencies of various countries and is crucial to raising large amounts of funds to meet the challenges facing the region. The new regulatory agency will not only simplify supervision, but will also improve the efficiency of the entire European capital market. In addition, Lagarde also emphasized the integration of financial exchanges in European countries to strengthen the region's financial system.
Lagarde believes that a unified European capital market is essential to fostering a strong economic environment. Such integration will not only simplify financial processes, but also enhance Europe's position in the global financial sector.