The Evolution of ESMA and Direct Supervision: Are there Implications for EU Supervisory Governance?

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The Evolution of ESMA and Direct Supervision: Are there Implications for EU Supervisory Governance?

The European Securities and Markets Authority (‘ESMA’) was established over six years ago. It, and its sibling bodies for banking, and the insurance and occupational pensions sector, emerged from the ashes of the crises, and the agencies have been the topic of much discussion in academic scholarship from a variety of perspectives.

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