Newsletter November 09: Birth of EU ‘Authorities’ is a top 2010 priority

Transforming three of the EU’s lesser known financial sector advisory bodies, into the lynch-pin Authorities of Europe’s proposed new system of financial supervision, is set to be the dominant institutional theme of 2010. The three new European Supervisory Authorities (ESAs) are being established as part of the European Commission’s ambitious proposals to re-shape Europe’s supervisory architecture along the lines proposed in February by the High-Level Group chaired by former head of the Bank of France, Jacques de Larosière.