Targeted consultation on the supervisory convergence and the single rulebook
12 March 2021
There has been considerable progress on both supervisory convergence and the single rulebook since the three European Supervisory Authorities (ESAs) were created in 2011. Nevertheless, both require continued and appropriately targeted efforts to make further progress.
Objective of the consultation
In this context, the Commission’s capital markets union (CMU) action plan (AP) published on 24 September 2020
requires the Commission to work towards an enhanced single rulebook and
to take stock of what has been achieved in supervisory convergence in
Q4 2021.
The input to this consultation, which seeks to take stock of what has
been achieved so far, will feed into the preparation of the report
required by the CMU AP which will cover the review required under the ESAs founding Regulations
as well. This consultation seeks targeted views on certain aspects
related to the 2019 ESAs review and contributes to a wider debate on
supervisory convergence and the single rulebook.
European Commission
© European Commission
