European Supervisory Authorities publish sectoral reports on the supervisory independence of competent authorities
ESAs
On 18 October 2021, the three European Supervisory Authorities (ESAs) – the EBA, EIOPA and ESMA – published their individual reports on the supervisory independence of competent authorities (CAs) in their sectors. Based on the CAs’ self-assessment, the three reports highlight that the independence of CAs is multi-faceted and dependent on a number of legal, institutional, operational and cultural factors.