Corporate actions, asset segregation, and post-trade reporting was highlighted as barriers to achieving efficient and harmonised post-trade infrastructures across Europe.
The European Commission wants to beef up the powers of ESMA to carry through CMU.
ESMA is calling for all relevant authorities in the CMU project to adopt a uniform approach to data.
The blocked merger between LSE and Deutsche Boerse will hinder the progress of the CMU project according to chairman of the German exchange group.
ESMA chair, Steven Maijoor, has prioritised investor protection as a key part of the CMU project.
Various developments have led to the CMU project being sidelined.
European Commission introduces new rules under the CMU to support investment in venture capital and social enterprises.
MEP Markus Ferber says that there will be no change of course on regulations despite a new head of financial stability, financial services and the CMU project.