Today's 3 level 3 meeting will give us a chance to launch a fruitful discussion on its recommendations and will constitute a unique opportunity for each of the stakeholders to respond to it and to exchange opinions about the challenges facing the current financial supervisory architecture.
Link between supervision and crisis management To be complete, the assessment of the Lamfalussy architecture should also take into account the special link between the supervisory framework and the crisis management framework. This link is especially important in the banking industry but it is also crucial for the insurance and securities sectors for at least two reasons.