A 'twin peaks' vision for Europe Dirk Schoenmaker and Nicolas Veron

摘要

THE ORGANISATION OF the European Supervisory Authorities (the ESAs) is based on a sectoral approach with one ESA for each sector: the European Banking Authority for banking, the European Insurance and Occupational Pensions Authority (Eiopa) for insurance and pension funds, and the European Securities and Markets Authority (ESMA) for the securities markets. But is this sectoral approach still valid?