1 Amendments of Manuel dos SANTOS related to 2017/0326(COD)
Amendment 8 #
Proposal for a regulation
Recital 3 a (new)
Recital 3 a (new)
(3a) The relocation of the European Banking Authority to Paris, France, opens a window of opportunity to readdress the overall framework of the European supervisory authorities. The fact that European Banking Authority and ESMA will both be located in Paris and benefiting from underlying synergies that will occur provides an opportunity to debate which changes need to be made to the whole system to upgrade it and provide a more resilient regulatory oversight.