Brussels, 19/08/2014 (Agence Europe) - A report from the European Commission reveals that the three ESAs (European financial supervision authorities, viz. the European Banking Authority (EBA), the European Financial Markets Authority (ESMA) and the European Insurance and Occupational Pensions Authority (EBA)) are suffering from lack of resources.
“Funding and resources of the ESAs should be commensurate to their increasing tasks and responsibilities. There is broad consensus among...