EU Targets Retirement Reform, Broadens Crypto Oversight

EU Targets Retirement Reform, Expands Crypto Watchdog’s Reach

Written by Aaron S.,

Editor-In-Chief

Last Updated: September 19, 2025

Key Takeaways

The EU plans to boost retirement savings through automatic pension enrollment and tax incentives to support long-term financial stability;
ESMA could gain stronger powers to oversee crypto firms and key financial platforms that operate across EU borders;
The "Savings and Investments Union" aims to simplify cross-border investing and better connect Europe's capital markets.

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The European Union (EU) is preparing a new set of financial plans that focus on encouraging people to save more for retirement and improving the oversight of financial markets.

A part of the proposal may give the European Securities and Markets Authority (ESMA), based in Paris, more power to supervise crypto-related businesses.

At a financial conference in Copenhagen, EU Commissioner for Financial Services, Maria Luís Albuquerque, shared details of the upcoming package.

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She explained that it will include automatic enrollment in pension systems, tax benefits to promote saving, and efforts to make cross-border investing easier.

The proposal will also examine whether more responsibility should be shifted to ESMA, particularly for monitoring parts of the financial system that affect multiple EU countries.

Albuquerque said the EU is reviewing whether certain market platforms, such as central clearinghouses and securities depositories, should be subject to shared supervision. This would also apply to companies working in digital assets, where national agencies may not have enough tools to manage risks alone.

This initiative, referred to as the "Savings and Investments Union", aims to connect Europe’s capital markets more closely and make it easier for everyday people to invest.

By doing so, the EU aims to support its economy through long-term savings and reduce its dependence on external sources of investment.

Meanwhile, the European Central Bank (ECB) has once again promoted its plan for a digital euro, but not everyone is on board. Why? Read the full story.