Authorities. This is a victory for Uni Finance, the union representing banking and finance employees, which has been fighting since the beginning of the economic crisis to increase employee’s control prerogatives in financial establishments. The agreement reached last week and validated yesterday, September 7th, by the Council of European Ministers provides that, in addition to the ESRB, the mission will be to alert the Member States to financial unbalance, and will be done by three new organizations: the European Banking Authority, the European system of financial supervisors and the Committee of European Insurance and Occupational Pensions Committee – which will conduct sectoral market control, with a group of “the interested parties” within them.
blishments. The agreement reached last week and validated yesterday, September 7th, by the Council of European Ministers provides that, in addition to the ESRB, the mission will be to alert the Member States to financial unbalance, and will be done by three new organizations: the European Banking Authority, the European system of financial supervisors and the Committee of European Insurance and Occupational Pensions Committee – which will conduct sectoral market control, with a group of “the interested parties” within them.
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