Europe Wants One Referee for Its Financial Markets - Moby THE GIST Europe’s financial system has a scale problem. Not too small, but too split. The European Central Bank thinks it’s time to fix that. WHAT HAPPENED The European Central Bank (ECB) has thrown its weight behind plans to centralize parts of financial market supervision across the Eurozone, marking a significant step in the bloc’s long-running push to deepen capital markets. In a formal opinion published this week, the ECB backed the Europe ...