ESAs - Achievement And Challenges, Speech By Steven Maijoor, Chair European Securities And Markets Authority

Ladies and gentlemen,

The creation and establishment of the new European System of Financial Supervision in 2011 was an unprecedented innovation to regulate the EU financial sector. Therefore, itis only right to now evaluate this new system, even after such a relatively short period, bearing in mind that the nature of the crisis has changed and become even more severesince the ESFS was established.

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