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
