House of Lords written question – answered at on 19 October 2010.
To Ask Her Majesty's Government how the new European supervisory authorities and the European Systematic Risk Board will be funded; and how the United Kingdom's contribution will be determined and paid.
The legislation adopted by the European Parliament on
The contribution from the national competent authorities shall be made in accordance with a formula based on the weighting of votes set out in Article 3(3) of the protocol on transitional provisions annexed to the Treaty on European Union and to the Treaty on the Functioning of the European Union.
As regards the European Systemic Risk Board (ESRB), the European Central Bank shall ensure a secretariat and thereby provide analytical, statistical, logistical and administrative support to the ESRB.
Yes0 people think so
No0 people think not
Would you like to ask a question like this yourself? Use our Freedom of Information site.