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June 20, 2017

EC has published responses as well as a document containing a factual overview of the contributions to the public consultation on the operations of the ESAs. The consultation was launched on March 21, 2017 and comment period ended on May 16, 2017. The consultation was designed to gather evidence from all interested parties on the operations of the ESAs, with focus on topics such as tasks and powers, governance, supervisory architecture, and funding. The consultation will feed into the review of the European System of Financial Supervision to strengthen the effectiveness and efficiency of oversight of the financial sector, which is foreseen in the Work Program EC for 2017.

Directorate-General for Financial Stability, Financial Services, and Capital Markets Union (DG FISMA) of the EC received 227 responses to the consultation. Replies originated in 26 EU member states (all except Latvia and Romania), all European Economic Area/European Free Trade Association countries, and from globally present organizations. Most of the respondents are located in Belgium (18%), Germany (18%), the United Kingdom (11%), France (10%), and Italy (6%). All the responses have been published, along with the feedback statement summarizing the answers received for each of the 32 questions in a factual manner and all responses to this consultation have been published at the same time as this feedback statement. The content of this statement should not be regarded as reflecting the position of the EC.

 

Related Links

Summary of Responses (PDF)

Consultation on Operations of ESAs 

Keywords: Banking, Insurance, Securities, ESAs, EC, Operations, Response to Consultation

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