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:
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financial conglomerates,
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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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measures combating money laundering; and,
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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.