The Economic and Monetary Affairs Committee (ECON) of the European Parliament is currently working on the opinion on discharge of the European Supervisory Authorities EBA, ESMA and EIOPA. As reaction to the financial crisis, on 1 January 2011 the European Supervisory Authorities for banks (EBA), insurances (EIOPA) as well as securities and markets (ESMA) were installed.
The annual discharge of the three supervisory bodies is a welcome occasion to hint to major problems and to make proposals for corrections. The draft opinions already include valuable recommendations and demands such as full transparency with the European Parliament, an independent budget line as well as sticking to the tasks assigned to them by the Union legislator.
We would be very happy if those of you who have suggestions for specific comments could send us their input by Monday, January 18, 2016. The deadline for amendments to the draft opinions is January 19, 2016.
Please find the draft opinions here:
ESMA:
EBA:
EIOPA: