10 December, 2025 by Martin Arnold in London and Paola Tamma in Brussels
Officials in Brussels who champion streamlined oversight of EU capital markets need only turn to neighbouring Luxembourg to understand why this project has floundered.
Claude Marx, head of Luxembourg’s financial watchdog, summed up his country’s position by telling the
Register for free to keep reading
To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.
- Unlimited access to industry insights
- Stay on top of key rules and regulatory changes with our Rules Navigator
- Ad-free experience with no distractions
- Regular podcasts from trusted external experts
- Fresh compliance and regulatory content every day