1.The Joint Committee of the European Supervisory Authorities is hereby established.
2.The Joint Committee shall serve as a forum in which the Authority shall cooperate regularly and closely and ensure cross-sectoral consistency with the European Supervisory Authority (European Banking Authority) and the European Supervisory Authority (European Insurance and Occupational Pensions Authority), in particular regarding:
financial conglomerates,
accounting and auditing,
micro-prudential analyses of cross-sectoral developments, risks and vulnerabilities for financial stability,
retail investment products,
measures combating money laundering; and,
information exchange with the ESRB and developing the relationship between the ESRB and the ESAs,
3.The Joint Committee shall have a dedicated staff provided by the ESAs that shall act as a secretariat. The Authority shall contribute adequate resources to administrative, infrastructure and operational expenses.
4.In the event that a financial market participant reaches across different sectors, the Joint Committee shall resolve disagreements in accordance with Article 56.