The current system for the regulation and supervision of the financial service sector aims at strengthening the functioning of financial institutions and mitigating the risk of market failure. The European financial services authorities are entrusted with competences pertaining to decision-making process and can actively shape the prudential regulation for financial services markets. During this seminar participants will learn about the institutional set-up for regulation and supervision in the area of financial services. Hereby, the different roles of respective bodies will be elucidated and the tasks entrusted to the European Supervisory Authorities will be presented. In addition, the participants will gain a better understanding of legal framework for financial services as well as EU law-making process in this field.