|
1. Introduction
ABBL thinks that strong and concrete measures in the field of Prudential supervision and of financial stability are necessary in order to restore confidence in the global financial system. In that respect, ABB has supported since its inception the reform of the supervisory architecture proposed in the de Larosière report and endorsed by the European Commission. Our comments focus on the Commission proposal of a regulation establishing a European Banking Authority (the EBA). They are also applicable to the proposals establishing both other Authorities, the ESMA and the EIOPA.
2. Scope of the technical standards: Commission Staff Working Document (Section 1)
Establishing the EBA should not imbalance the current institutional...
|