EBA publishes Opinion on EU Commission consultation on the operation of the ESAs

The European Banking Authority (EBA) published today an Opinion in response to the European Commission's public consultation on the operation of the European Supervisory Authorities (ESAs). The Opinion welcomes the public consultation which acknowledges the results the EBA has obtained since its establishment in 2011. It also points to a possible way forward to confirm its role as guardian of the Single Rulebook and to increase its effectiveness in ensuring  supervisory convergence across the EU. Finally, it suggests how the EBA's role with regards to supervisory reporting could be strengthened and improved.