rec_24

Regulation (EU) 2019/2175 of the European Parliament and of the Council of 18 December 2019 amending Regulation (EU) No 1093/2010 establishing a European Supervisory Authority (European Banking Authority), Regulation (EU) No 1094/2010 establishing a European Supervisory Authority (European Insurance and Occupational Pensions Authority), Regulation (EU) No 1095/2010 establishing a European Supervisory Authority (European Securities and Markets Authority), Regulation (EU) No 600/2014 on markets in financial instruments, Regulation (EU) 2016/1011 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds, and Regulation (EU) 2015/847 on information accompanying transfers of funds (Text with EEA relevance) (Text with EEA relevance) · European Union

(24) Harmonised supervision of the financial sector requires a consistent approach among competent authorities. To that end, the activities of the competent authorities are subject to peer reviews. The ESAs should also ensure that the methodology is applied in the same manner. Such peer reviews should not only focus on the convergence of supervisory practices, but also on the capacity of competent authorities to achieve high-quality supervisory outcomes, as well as on the independence of those competent authorities. The main findings of those peer reviews should be published to encourage compliance and increase transparency, unless such publication would involve risks to financial stability.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-14 · Text as adopted (Official Journal); later amendments are not incorporated in this text.