17 May 2013

EP commissions two studies reviewing the European system of financial supervision

The European Parliament has commissioned two studies reviewing the European System of Financial Supervision (ESFS):

• The first study* (Part 1) deals with the work of the European Supervisory Authorities (European Banking Authority, European Insurance and Occupational Pensions Authority and European Securities and Markets Authority).
• The second study (Part 2) addresses the work of the European Systemic Risk Board (ESRB).

These studies will inform the deliberations of the European Parliament, in particular its Committee on Economic and Monetary Affairs’ (ECON). Mazars has been commissioned to write the study on the European Supervisory Authorities (ESAs).

This opinion survey(s) covering the work and performance of the ESAs’ since their establishment in January 2011. The questionnaires comprise circa 70 short questions each and are based around the following sections:

• The ESA mandate
• Resources
• Independence and accountability
• Cooperation and coordination
• Consultation and communication
• Consumer protection
• Supervision
• Macro level issues
• The ESA stakeholder group
• The Joint Committee
• The evolution of the EU supervisory framework

The twin study on the review of the European Systemic Risk Board (ESRB) is carried out by Oxford Analytica. There is no public survey on the ESRB, but all interested stakeholders are invited to provide Oxford Analytica directly with their input and observations to the attention of John Roche, Oxford Analytica, 5 Alfred Street, Oxford, UK, OX1 4EH, tel. +44 1865 261 654, e-mail: JRoche@oxford-analytica.com.

The deadline for responses is 21 June, 2013.

Full information

Survey +

• EBA-questionnaire
• EIOPA-questionnaire
• ESMA-questionnaire 

Mazars letter

*Sven Giegold's draft report with recommendations to the Commission on the European System of Financial Supervision (ESFS) Review, 11.10.13

© EBA