Publication date: 26 February 2019
On Monday the EBF co-signed a letter with a group of European trade associations on the review of the European System of Financial Supervision, the so-called ESAs review, in light of the ongoing trilogue negotiations.
All the signatories of the letter expressed their support for the efforts to reinforce the harmony of the European Supervisory Framework, including closer cooperation with National Competent Authorities (NCAs) and more efficient governance of the ESAs.
Among other issues, the European Parliament proposal to use “no-action letters” is praised, the need to increase the transparency of the processes is also stressed, but also the importance of filling the gaps in the existing cooperation between NCAs and ESAs as well as some notes on the AML powers that will be granted to ESAs.
Subscribe to the EBF FinReg Agenda
Every Friday at noon you can receive the EBF Weekly Financial Regulation Agenda. This agenda presents an overview of upcoming European and international meetings and conferences in financial regulation, as well as important general financial and economic events and key EBF meetings for the week ahead. CLICK HERE TO SUBSCRIBE
Subscribe to the EBF Morning Brief
The EBF Morning Brief is published Monday through Friday morning and brings you the top banking headlines, relevant announcements from the EU institutions and the latest from the EBF and its members, national banking associations in 32 countries in Europe. CLICK HERE TO SUBSCRIBE
Addressing the Executive Committee meeting of the European Banking Federation in Frankfurt:
ECB Vice-President Luis de Guindos says fundamentals for continued moderate growth remain in place, but downside risks remain and the coronavirus brings new uncertainties. The economy still needs strong support from monetary policy. Read the speech at https://t.co/ecglYbxuP2
