European Banking Authority rejects merger with European Insurance and Occupational Pensions Authority

The European Commission’s suggestion of a possible merger of the European Insurance and Occupational Pensions Authority (EIOPA) and the European Banking Authority (EBA) has been rejected by the EBA, which said there would be “no material benefit” and the current organisation of the European Supervisory Authorities (ESAs) along sectoral lines has worked well. The European Commission’s consultation suggested either transferring…

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