On Thursday 19 October, the European Supervisory Authorities - ESMA, EBA and EIOPA, which supervise the financial markets and the banking and insurance sectors respectively - were officially given a mandate by the European Commission to issue regular reports on the costs and past performances of certain products under their purview.
Readers may recall that this action was laid down in the revised action plan on the completion of the Capital Market Union (see EUROPE 11804), the aim of which...