Europejski Urząd Nadzoru Bankowego, Europejski Urząd Nadzoru Giełd i Papierów Wartościowych (European Securities and Markets Authority - ESMA), Europejski Urząd Nadzoru Ubezpieczeń i Pracowniczych Programów Emerytalnych (European Insurance and Occupational Pensions Authority - EIOPA), Kryteria Europejskich Organów Nadzoru dotyczące niezależności organów nadzorczych

JC 2023 17

25 October 2023

Joint ESAs criteria on supervisory independence

Joint European Supervisory Authorities’ criteria on the independence of supervisory authorities

1. Introduction

Background

The revised ESAs Regulations introduced new tasks to the three European Supervisory Authorities (ESAs) – the EBA, EIOPA and ESMA –, one of them is to foster and monitor supervisory independence. Article 8(1)(b) of the ESAs Regulations states that the ESAs shall ‘contribute to the consistent application of legally binding union acts, in particular by a common supervisory culture [...] fostering and monitoring supervisory independence’. Furthermore, Article 30(3) of the ESAs Regulations sets out that Peer Reviews shall be used as a tool for the assessment of ‘the degree of independence, and governance arrangements of the competent authority [...]’.

In this framework, the three ESAs published on 18 October 2021 their individual reports on the supervisory independence of competent authorities in their...