European System of Financial Supervision

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The European System of Financial Supervision is the EU’s integrated framework of supervisory authorities and bodies designed to oversee the stability and proper functioning of the European financial system.

All labels observed (4)

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf European Union body of authorities
financial supervisory framework
regulatory architecture
aimsTo improve consumer protection in financial services
promote supervisory convergence in the EU
strengthen cross-border supervision of financial institutions
alsoKnownAs ESFS
appliesTo European Economic Area in many areas via EEA agreements
componentOf EU financial regulatory framework
cooperatesWith European Central Bank
Single Resolution Board
surface form: Single Resolution Mechanism

Single Supervisory Mechanism
country European Union
coversSector banking
financial conglomerates
insurance
occupational pensions
securities markets
createdAfter 2007–2008 global financial crisis
establishedBy EU legislative reforms following the de Larosière report
focusesOn macroprudential oversight
microprudential supervision
governedBy EU regulations and directives on financial supervision
hasPart European Banking Authority
European Insurance and Occupational Pensions Authority
European Securities and Markets Authority
European Systemic Risk Board (before Brexit-related changes)
surface form: European Systemic Risk Board

Joint Committee of the European Supervisory Authorities
national competent authorities
national supervisory authorities
headquartersLocation European Union
inception 2011
legalBasis EU financial services legislation
monitors systemic risks in the EU financial system
purpose to enhance coordination between national financial supervisors
to ensure effective and consistent financial supervision in the EU
to ensure the proper functioning of the internal market for financial services
to safeguard the stability of the EU financial system
regulates banks in the European Union
insurance undertakings in the European Union
investment firms in the European Union
market infrastructures in the European Union
occupational pension funds in the European Union
securities markets in the European Union
supervisesThrough Joint Committee of the European Supervisory Authorities
surface form: European Supervisory Authorities

national competent authorities

How these facts were elicited

Referenced by (19)

Full triples — surface form annotated when it differs from this entity's canonical label.

European Systemic Risk Board (before Brexit-related changes) partOf European System of Financial Supervision
subject surface form: European Systemic Risk Board
European Insurance and Occupational Pensions Authority partOf European System of Financial Supervision
European Insurance and Occupational Pensions Authority partOf European System of Financial Supervision
this entity surface form: European Supervisory Authorities
European Union economic and monetary union hasComponent European System of Financial Supervision
this entity surface form: Banking Union
German Federal Financial Supervisory Authority (BaFin) memberOf European System of Financial Supervision
subject surface form: German Federal Financial Supervisory Authority
Single Supervisory Mechanism partOf European System of Financial Supervision
this entity surface form: European Banking Union
IVASS memberOf European System of Financial Supervision
European Banking Authority partOf European System of Financial Supervision
European Banking Authority memberOf European System of Financial Supervision
Single Resolution Board jurisdiction European System of Financial Supervision
this entity surface form: Banking Union
Single Resolution Board memberOf European System of Financial Supervision
ESRB partOf European System of Financial Supervision
subject surface form: European Systemic Risk Board
Regulation (EU) No 1092/2010 establishesCooperationWith European System of Financial Supervision
this entity surface form: European Supervisory Authorities
European Securities and Markets Authority partOf European System of Financial Supervision
Federal Financial Supervisory Authority memberOf European System of Financial Supervision
Management Board relatedTo European System of Financial Supervision
subject surface form: Management Board (EIOPA)
Board of Supervisors belongsToSystem European System of Financial Supervision
subject surface form: Board of Supervisors (EIOPA)
Joint Supervisory Teams relatedTo European System of Financial Supervision
EBA partOf European System of Financial Supervision
subject surface form: European Banking Authority