The European Commission has adopted the review reports on the European System of Financial Supervision (ESFS). The reports consist of:
- a report on the operation of the European Supervisory Authorities (ESAs) and the European System of Financial Supervision (ESFS); and
- a report on the mission and organisation of the European Systemic Risk Board (ESRB).
The Commission has also published a memo setting out the key findings of the reports.
Despite many positives being highlighted over the last three years, going forward, the ESAs could benefit from concentrating more on consumer protection, strengthening their focus on supervisory convergence and making better use of peer reviews.
The Commission will forward the reports to the European Parliament and Council of the EU for their consideration.
View Report from the Commission to the European Parliament and the Council on the operation of the European Supervisory Authorities and the European System of Financial Supervision, 8 August 2014
View Report from the Commission to the European Parliament and the Council on the mission and organisation of the European Systemic Risk Board, 8 August 2014
View Main findings of the review reports on the European System of Financial Supervision, 8 August 2014
