Targeted consultation on the supervisory convergence and the single rulebook

Target group

In this targeted consultation, the Commission is interested in the views of a wide range of stakeholders. Contributions are particularly sought from national supervisors, national ministries, financial institutions and other market participants, the ESAs themselves, EU institutions, non-governmental organisations, think tanks, consumers, users of financial services and academics. All citizens and organisations are also welcome to contribute to this consultation.

Objective of the consultation

There has been considerable progress on both supervisory convergence and the single rulebook since the three European Supervisory Authorities (ESAs) were created in 2011. Nevertheless, both require continued and appropriately targeted efforts to make further progress.

In this context, the Commission’s capital markets union (CMU) action plan (AP) published on 24 September 2020 requires the Commission to work towards an enhanced single rulebook and to take stock of what has been achieved in supervisory convergence in Q4 2021.

The input to this consultation, which seeks to take stock of what has been achieved so far, will feed into the preparation of the report required by the CMU AP which will cover the review required under the ESAs founding Regulations as well. This consultation seeks targeted views on certain aspects related to the 2019 ESAs review and contributes to a wider debate on supervisory convergence and the single rulebook.

How to submit your response

Please note that in order to ensure a fair and transparent consultation process responses should be submitted through the online questionnaire.

Consultation outcome

Summary report

Contributions to the consultation

Reference documents

Contact

fisma-esas-reviewec [dot] europa [dot] eu (Contact email address: fisma-esas-review[at]ec[dot]europa[dot]eu)