Article 54
Establishment
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 to ensure cross-sectoral consistency, while considering sectoral specificities, with the European Supervisory Authority (European Banking Authority) and the European Supervisory Authority (European Insurance and Occupational Pensions Authority), in particular regarding:
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financial conglomerates and, where required by Union law, prudential consolidation,
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accounting and auditing,
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micro-prudential analyses of cross-sectoral developments, risks and vulnerabilities for financial stability,
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retail investment products,
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cybersecurity,
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information and best practice exchange with the ESRB and the other ESAs,
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retail financial services and consumer and investor protection issues,
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advice by the Committee established in accordance with Article 1(6).
3.
The Joint Committee shall have a dedicated staff provided by the ESAs that shall act as a permanent 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.