In a ‘debate paper’ published on Wednesday 4 December, the Association Europe-Finances-Régulation (AEFR) argues that the introduction of a single supervisory system for EU financial markets, based on closer cooperation between a central authority and national supervisors, is “possible and desirable” if progress is to be made in the short term on the Savings and Investment Union project (see EUROPE B13519A1). However, segmenting such supervision remains a challenge.
AEFR has...