Why can the ESRC address its warnings and recommendations to any institution , but only to the ECOFIN council or the European Supervisory Authorities?
In order to maximize the effectiveness of the ESRC’s activity, simple and fast procedures are needed. The fact that all warnings and recommendations are channelled to the final recipients through either the ECOFIN Council or the European Supervisory Authorities will significantly simplify ESRC operations, avoiding the need to establish a burdensome and complex network of institutional relationships and a variety of different statutes and legal forms.
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