Author (Corporate) | EurActiv |
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Series Title | EurActiv |
Series Details | 4.1.11 |
Publication Date | 04/01/2011 |
Content Type | News |
From January 2011, the regulation of financial services across Europe will be overseen by three European Supervisory Authorities (ESAs). The ESAs will work with the newly established European Systemic Risk Board (ESRB) to ensure financial stability and to strengthen and enhance the EU supervisory framework. They will improve coordination between national supervisory authorities, such as the FSA, and raise standards of national supervision across the EU. The ESAs will be: the European Securities and Markets Agency (ESMA), the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA). They will replace the current level 3 (otherwise known as Lamfalussy) committees: Committee of European Banking Supervisors (CEBS), Committee of European Securities Regulators (CESR) and Committee of European Insurance and Occupational Pensions (CEIOPS). |
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Source Link | Link to Main Source http://www.euractiv.com/euro-finance/eu-lets-financial-watchdogs-off-the-leash-news-500929 |
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Subject Categories | Business and Industry |
Countries / Regions | Europe |