European Supervisory Authorities’ (ESAs) meaning

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In this issue: UK, EU and international regulators and bodies Authorisation, approval and supervision Accountability, culture and social governance Prudential requirements Operational resilience Financial crime and sanctions Complaints, compensation and claims management Investigations, enforcement and discipline Regulation of capital markets Regulation of derivatives Banks and mutuals Investment funds and asset management MiFID II Regulation of insurance Payment services and systems Fintech and cryptoassets Financial Services Enforcement Database Daily and weekly news alerts Intraday news alerts New and updated content Dates for your diary UK, EU and international regulators and bodies ESAs highlight role of behavioural insights in supervisory and policy work The three European Supervisory Authorities — the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA) — have issued a joint report arising from their February 2024 workshop on integrating...

In this issue EU fundamentals Competition and state aid Data protection and cybersecurity Financial services Energy Environment Insurance and reinsurance Life sciences Regulatory TMT Daily and weekly news alerts New and updated content Trackers EU fundamentals EU Law—key developments in 2025 and horizon scanning for 2026 This News Analysis distils the principal EU developments from 2025 and highlights what is expected in 2026. See News Analysis: EU Law—key developments in 2025 and horizon scanning for 2026. Competition and state aid Antitrust—Google and Alphabet v Commission An application for annulment has been submitted to the General Court in Case T-794/25, Google and Alphabet v Commission, contesting the Commission’s prohibition decision on Adtech and data-related practices (abuse of dominance) (AT.40670), under Article 102 TFEU and Article 54 of the EEA Agreement—see further, application. See News Analysis: EU Competition law—daily round-up (12/01/2026). Foreign Subsidies Regulation—Commission’s guidelines The Commission...

Scope of this Practice Note This Practice Note offers guidance on the European Supervisory Authorities (ESAs): European Securities and Markets Authority (ESMA) European Banking Authority (EBA) European Insurance and Occupational Pensions Authority (EIOPA) Among other matters, it explains their roles and general powers to prepare draft technical standards, and to issue opinions, guidance and recommendations to national supervisors within the EU. Together with the European Systemic Risk Board (ESRB) and the national competent authorities (NCAs) of EU Member States, the ESAs form the European System of Financial Supervision (ESFS). The ESAs collaborate with the ESRB to safeguard financial stability and to strengthen and enhance the EU supervisory framework, aiming to improve co-ordination among national supervisory bodies and to raise the quality of national supervision across the EU. The ESAs also issue guidance and recommendations which national supervisors and firms must make every effort to follow. Where the ESAs consider that a national competent authority (NCA) is failing...

What does EIOPA do? The European Insurance and Occupational Pensions Authority (EIOPA) is one of the three European Supervisory Authorities (ESAs), set up to reinforce the EU supervisory framework and to curb the risk and harm of any future financial crisis. Operating as an independent advisory body, it counsels the European Parliament, the Council of the European Union (the Council) and the European Commission (the Commission). Serving as the EU’s micro‑prudential supervisor for insurance and occupational pensions, it was established by Regulation (EU) No 1094/2010 (the EIOPA Regulation), replacing the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) in January 2011. EIOPA is based in Frankfurt, Germany. EIOPA’s main goals are: safeguarding consumers and restoring confidence in the financial system ensuring a high, effective and consistent level of regulation and supervision, reflecting the varied interests of all EU Member States and the differing nature of financial institutions greater harmonisation and coherent application of rules for financial institutions and markets across the EU...

Introduction to bringing an appeal against an ESA decision The three European Supervisory Authorities (ESAs)—the European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA)—were established with effect from January 2011. They promote closer cooperation and the exchange of information among national supervisors across the EU, facilitate the adoption at EU level of solutions to cross‑border problems, and advance the coherent interpretation and application of rules. For further information, see The European Supervisory Authorities (ESAs) and the European System of Financial Supervision and The EU’s Single Supervisory Mechanism. Articles 58 and 59 of Regulation (EU) No 1093/2010, Regulation (EU) No 1094/2010 and Regulation (EU) No 1095/2010 (collectively, the ESAs Regulations) make provision for the establishment of an independent and impartial Board of Appeal of the three ESAs. Under Article 58(8) of the ESAs’ Regulations, the ESAs provide both operational and secretarial support to the Board of Appeal through the Joint Committee, a body which is also established by the...