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 19 Aug 2014Consolidated version of 19 Aug 2014Earlier versionUpcoming changefrom 12 Jan 2016Unofficial text · authentic on EUR-Lex (opens in a new tab)
EBAR Recital (33) — as applicable on 19 Aug 2014 (version of 19 Aug 2014)
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