EU Financial Firms Urge Introduction Of No-Action Letters

European financial services are hoping that an upcoming overhaul of the bloc’s top regulatory authorities could include the introduction of no-action letters, a tool which could offer relief to sectors currently groaning under a deluge of regulatory expectations.

A review of the European supervisory authorities (ESAs), a proposal for which was published in September 2017, is approaching completion after being passed between the European Commission, Parliament and Council.

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