ESMA publishes first market capitalisation data for EU Member States
The European Securities and Markets Authority (ESMA) has released its first annual market capitalisation and ratio report for EU Member States for 2024 and 2025. This publication fulfills a requirement under the FASTER Directive, which mandates ESMA to develop calculation standards and publish this data. The report aims to clarify the market size of each EU country relative to the total EU market capitalization. Countries exceeding 1.5% of the total EU market capitalization for four consecutive years face specific withholding tax relief obligations. This data is crucial for authorities and market participants to understand their standing and prepare for regulatory implementation. ESMA will continue to publish these updated figures and ratios annually. The information provided helps ensure timely preparation and adherence to the FASTER Directive's requirements. This annual release will be a consistent source of market data for the EU. The report details individual Member State contributions to the overall EU market. This initiative promotes transparency and preparedness within the European financial markets.