The crisis has proven that the current system of cooperation between national authorities whose powers are limited to individual Member States is insufficient as regards financial institutions that operate across borders.
Text applicable on 2 Jul 2014Consolidated version of 2 Jul 2014Earlier versionUpcoming changefrom 19 Aug 2014Unofficial text · authentic on EUR-Lex (opens in a new tab)
EBAR Recital (33) — as applicable on 2 Jul 2014 (version of 2 Jul 2014)
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