Eddy Wymeersch

Europe’s New Financial Supervisory Bodies

WP 2011-01

This short paper gives an overview of some of the basic features of the new supervisory landscape that was introduced in Europe starting from 2011. Are mentioned, the relationship between local supervision and centralised rulemaking, the relationship of the new European authorities with the national supervisors and their position in the overall EU regulatory structure, their internal organisation and finally the powers that have been conferred on these new bodies.