European Financial Supervisory Framework

12 January 2012

The House of Lords will debate the European Financial Supervisory Framework on Thursday 12 January, following a report on the subject from the Lords European Union Committee that said the UK must make sure it takes a leadership role in the activities of the new European Supervisory Authorities.


Lord Harrison, Chairman of the Sub-Committee on Economic and Financial Affairs and International Trade which produced the report, The EU Financial Supervisory Framework: an update, will open the debate at approximately 4.30pm.

The debate will cover areas such as the supervision of financial institutions, the powers of the European Systemic Risk Board (ESRB) and the new European Supervisory Authorities (the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the European Insurance and Occupational Pensions Authority (EIOPA)), and particularly the UKs influence upon the Authorities. 

Lord de Mauley will respond on behalf of the Government.

Further information

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