Europe's new supervisory toolkit
Since the crisis, shared supervisory responsibilities have produced significant improvements in EU regulation, but there is much work still to do, writes the EBA's head of risk analysis
In 2013, Mazars, a UK consulting company, delivered a comprehensive report to the European Parliament covering the performance and effectiveness of the European Banking Authority (EBA) and the other authorities making up the then-new European supervisory architecture. The report concluded: ‘The frequency and quality of individual NCAs' [national competent authorities] market oversight work varies significantly within the EU. Although the EBA's work is not equal in quality to the best-in-class
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