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EU and current European System of Financial Supervision

The EU has published a consultation document seeking feedback on the effectiveness and efficiency of the European Supervisory Authorities (ESAs) - the European Banking Authority, the European Securities and Markets Authority (which is responsible for implementation of EMIR) and the European Insurance and Occupational Pensions Authority - and the European Systemic Risk Board (ESRB).


The public consultation is organised into five sections:

I. ESAs - Effectiveness and efficiency of the ESAs, Governance;

II. ESRB - mandate and experience with systemic risks; institutional framework and governance of ESRB; access to data; external relations and communication;

III. Cooperation and interaction between the ESAs (micro level) and ESRB (macro level); 

IV. Structure of ESFS; and

V. Miscellaneous

Responses are sought by 19 July 2013






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