The ESA includes the European Banking Authority, the European Insurance and Occupational Pensions Authority, and the European Securities and Markets Authority.
The MOU covers cooperation and information exchange between the 4 institutions.
Key aims of the MOU include:
➡️ Promoting supervisory convergence across the EU’s financial sector;
➡️ Enabling the exchange of necessary information; and
➡️ Fostering cross-sector learning and capacity building in areas of mutual interest.
✅ Firms operating in the EU should review the announcement to ensure their regulatory reporting and information sharing mechanisms align with the renewed focus on inter-authority cooperation.
AML/CTF/CPF
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