Having scrutinised the proposal to reform the three European financial supervisory authorities (ESAs: ESMA, EBA and EIOPA), the European Banking Federation (EBF) published a number of comments and recommendations, particularly concerning the proposed new financing model on Thursday 29 March.
In a position paper, the banking industry calls for the way in which the ESAs are financed to continue to be based principally on public financial contributions, as the rules of the financial...