The European Supervisory Authorities – Room for improvement at Level 2 and Level 3

Parliament and the Council should not seek to resolve political conflicts by way of Level 2 measures. In cep's view, consultations with the ESAs at an early stage, in Parliament and the Council, could promote a uniform understanding of the mandate. In addition, political scrutiny at national level - by Parliament or the responsible ministry -, of whether EU guidelines should in fact be complied with, is perfectly legitimate. This scrutiny should provide national supervisors with the necessary room for manoeuvre but at the same time prevent guidelines from offending against the national political will.