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Article 29a – Towards a new Strategic Dimension in Supervisory Convergence?
European Company and Financial Law Review Pub Date : 2023-11-27 , DOI: 10.1515/ecfr-2023-0022
Niels Skovmand Rasmussen 1 , Nina Dietz Legind 2
Affiliation  

409As part of the 2019 reform of the European System of Financial Supervision, the three European Supervisory Authorities were granted a completely new convergence tool in Article 29a to promote a common supervisory culture. This tool allows them to identify up to two Union Strategic Supervisory Priorities that the National Competent Authorities shall take into account when drawing up their work programme. The article provides a doctrinal legal analysis of each procedural step in Article 29a; from information gathering to assessment of national work programmes and follow-up measures. On this basis, it is argued that Article 29a has expanded the scope of the ESAs’ existing toolkit; from the operational to the strategic level. Hereby the USSPs have essentially brought a new strategic orientation to the former level 3 of the Lamfalussy process. However, this institutional development also raises several key challenges related to the ESA/NCA relationship that call for attention in the further development of this convergence tool.410

中文翻译:

第 29a 条 – 走向监管融合的新战略维度?

409作为 2019 年欧洲金融监管体系改革的一部分,欧洲三个监管机构在第 29a 条中获得了全新的趋同工具,以促进共同的监管文化。该工具使他们能够确定国家主管部门在制定工作计划时应考虑的最多两个联盟战略监管优先事项。本文对第 29a 条中的每个程序步骤进行了理论上的法律分析;从信息收集到评估国家工作方案和后续措施。在此基础上,有人认为第 29a 条扩大了 ESA 现有工具包的范围;从操作层面到战略层面。由此,USSP 实质上为兰法卢西进程的前 3 级带来了新的战略方向。然而,这种制度发展也提出了与 ESA/NCA 关系相关的几个关键挑战,需要在进一步开发这一融合工具时予以关注。410
更新日期:2023-11-27
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