The ECON Committee of the European Parliament voted on 10 May to strengthen the powers of the European Systemic Risk Board to give it greater EU-wide oversight. It would also give the three new supervisory authorities more powers, including having legally binding powers to address non-compliance by national supervisors. It also recommends a power to supervise directly systemically important cross-border institutions and ban products. It postponed its vote on the AIFMD until 17 May.