Newsletter | Volume 1

Issue I
Issue II
Issue III
Issue IV
Issue V
Issue VI
Issue VII
Issue VIII
Issue IX
Issue X
Issue XI
Issue XII
Issue XIII
Issue XIV
Issue XV
Issue XVI
Issue XVII
Issue XVIII
Issue XIX
Issue XX
Issue XXI
Issue XXII
Issue XXIII
Issue XXIV
Issue XXV
Issue XXVI
Issue XXVII
Issue XXVIII
Issue XXIX
Issue XXX
Issue XXXI
Issue XXXII
Issue XXXIII
Issue XXXIV
Issue XXXV
Issue XXXVI
Issue XXXVII
Issue XXXVIII

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EU Banking Union


EU Commission has issued its consultation on the review of the European System of Financial Supervision, Policy Field, Internal Market, Financial Services

The Target group are All interested stakeholders.

Contributions are particularly sought from national and international public authorities; financial services companies and universities.Effectiveness and efficiency of the ESAs in accomplishing the tasks which have been entrusted to them.

The ESAs took over all the tasks of the previous European supervisory committees (CEBS, CESR, CEIOPS), but in addition were attributed significantly in- creased responsibilities, defined legal powers and greater authority.

The most important elements of the ESAs’ mandates include, among others: the power to contribute to the development of a single rule book by, the power to ensure the consistent application of Union law; the power to take action in emergency situations; the task to take a leading role in promoting transparency, simplicity and fairness for consumers and investors; the power to settle disagreements by binding mediation between national supervisory authorities; the ability to participate in colleges of supervisors and receive all relevant information; the obligation to play an active role in facilitating a common European supervisory culture and ensuring consistent supervisory practices; the task of assessing market developments.

You are welcome to submit your comments thru Copenhagen Compliance. Email.

http://ec.europa.eu/internal_market/consultations/2013/esfs/index_en.htm