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 Insurance and Occupational Pensions Authority) and the European Supervisory Authority (European Securities and Markets 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 institution reaches across different sectors, the Joint Committee shall resolve disagreements in accordance with Article 56.