From the July 01, 2009 issue of Futures Magazine • Subscribe!

Waving the pan-European regulatory net

Waving the pan-European regulatory net

While the ESRC is proposed as a new regulator with unprecedented powers and reach, the European System of Financial Supervisors is designed to promote coordination among existing regulators, and is made up of the following:

I. Steering Committee:

Representatives of the three European Supervisory Authorities and the Commission.

II. Three European Supervisory Authorities [the European Banking Authority, the European Insurance and Occupational Pensions Authority, and the European Securities Authority]:

Board of Supervisors of each European Supervisory Authority: Chairperson of the European Supervisory Authorities, and

Chairpersons from the appropriate national supervisory authorities.

Observers:

A Commission representative;

A representative of the ESRC, and

A representative from the appropriate national supervisory authority of each EFTA-EEA country. Management Board of each European Supervisory Authority:

Representatives from the appropriate national supervisory authorities and the Commission.

III. National supervisory authorities

Comments
comments powered by Disqus
Check out Futures Magazine - Polls on LockerDome on LockerDome