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.
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New version applies from 23/05/2014 — introduced by Directive 2014/51/EU.
71 provisions change.
Later versions: 01/01/2020, 12/08/2022, 30/12/2024, 01/07/2025, 10/11/2025.
Recital 33 changes in this version: compare with the current text.