The European Commission is running a consultation until Tuesday 16 May on a possible reform of the European financial supervisory system, which is made up of the three supervisory authorities covering the financial markets (ESMA), and the banking (EBA) and insurance (EIOPA) industries.
The three authorities, which have been up and running since 2011, have fed into the emergence of a body of standardised rules and have helped to promote the convergence of practices in the field of financial...