Financial supervision: Council Presidency and Parliament reach provisional deal on supervisory framework for European financial institutions - Main contents
Source: Romanian presidency of the EU (Romanian presidency) i, published on Thursday, March 21 2019.
The EU i will soon have in place an improved supervisory framework for European financial institutions, including strengthened supervisory powers for the European Banking Authority in the area of anti money laundering and terrorist financing.
The Romanian Presidency of the Council and the European Parliament reached a provisional agreement on a set of proposals to review the functioning of the current European system of financial supervision (ESFS). The deal will now need to be confirmed by EU ambassadors.