What will be the role of the ESFS Authorities regarding crisis management?
The new European Supervisory Authorities will co-ordinate with national supervisors in crisis situations by facilitating co-operation and exchange of information between competent authorities, mediating where appropriate, and helping to define and implement the right decisions. However, flanking measures on burden sharing and early intervention in crisis situations will be essential to ensure the impacts of crises are minimised. This is why the Commission will in June 2009 adopt a paper on early intervention in crisis situations.
