The European Commission has launched a public consultation on the operation of the European Supervisory Authorities (ESAs). The ESAs are a cornerstone of the reforms put in place in the wake of the financial crisis. The aim now is to identify areas where the effectiveness and efficiency of the ESAs can be strengthened and improved. A general review of the ESAs is foreseen for this year and mandated by their founding Regulations. The consultation will run until 16 May 2017.