Ten Years On
from Part III - Different Topographies
Published online by Cambridge University Press: 24 June 2021
This chapter evaluates the first ten years of the European Supervisory Authorities (ESAs), examines the Review of the European System of Financial Supervision (ESFS) and assesses the accomplishments of the ESFS. The chapter concludes by suggesting that it is difficult to argue that the EU has come closer to a Twin Peaks supervisory model. The creation of the SSM was a big step in that direction, but the ESAs go more towards strengthening functional supervision, at different speeds.
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