In a speech at a conference organised by the European Banking Federation (EBF) and the Association for Financial Markets in Europe (AFME), Andrea Enria, EBA's chairperson, has spoken on the effects of the Banking Union on the Single Market for financial services. He reviewed the state of financial fragmentation after the crisis and the potential for rifts between participants and non-participants in the Banking Union. To avoid a split of the Single Market, and to ensure the smooth conduct of cross-border business, he stressed the need for common rules and common supervisory and resolution approaches. He regretted that ESMA has only been given a mandate to prepare a Single Supervisory Handbook comprising of good practices, rather than uniform, directly-applicable, guidance. He also called for a stronger legal basis for binding mediation, and for greater harmonisation of Pillar 3 disclosures and the creation of a common platform for publishing information on the risk modelling performed by banks. (Source: The Single Market After the Banking Union)