Review of the European System of Financial Supervision
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.
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European Banking Federation
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The federation is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.
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Recent Posts
- Call for a subcontractor to provide expertise as part of the implementation of the Social Partners in the European Banking Sector’s project on “Banking in 2030”
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