You are looking at 1 - 1 of 1 items

  • Author or Editor: Eugenia Siracusa x
Clear All Modify Search
You do not have access to this content

Sophie Vuarlot-Dignac and Eugenia Siracusa

Chapter 14 discusses the European architecture of financial supervision and the role of the European Supervisory Authorities (ESAs), the authors summarize in historical perspectives the reasons leading to the creations of the ESAs in the aftermath of the euro-crisis and examine specifically the role of the European Securities Market Authority (ESMA), detailing its organization and institutional mandate. As they point out, the ESAs have contributed to establishing a common supervisory culture across Europe. However, a number of challenges remain, including divergences in data collection, and it remains questionable whether specifically ESMA has all the powers it would need: from this point of view, therefore, further legislative developments may be necessary.