ESFS
E472690
ESFS is the acronym for the European System of Financial Supervision, the EU’s framework of supervisory authorities and bodies that oversee the stability and proper functioning of its financial system.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| European System of Financial Supervision | 0 |
Statements (43)
| Predicate | Object |
|---|---|
| instanceOf |
European Union body
ⓘ
financial supervisory framework ⓘ |
| abbreviation | ESFS NERFINISHED ⓘ |
| aimsTo |
improve cooperation between national supervisors
ⓘ
promote supervisory convergence in the EU ⓘ |
| component |
European Banking Authority
NERFINISHED
ⓘ
European Insurance and Occupational Pensions Authority NERFINISHED ⓘ European Securities and Markets Authority NERFINISHED ⓘ European Supervisory Authorities NERFINISHED ⓘ European Systemic Risk Board NERFINISHED ⓘ Joint Committee of the European Supervisory Authorities NERFINISHED ⓘ national supervisory authorities of EU Member States ⓘ |
| coordinatesWith | national financial supervisory authorities ⓘ |
| country | European Union ⓘ |
| establishedBy | European Union legislative acts NERFINISHED ⓘ |
| goal |
to enhance protection of depositors, investors and policyholders
ⓘ
to foster consistent supervision across EU Member States ⓘ to reduce the risk and severity of future financial crises ⓘ |
| hasPart |
macro-prudential oversight framework
ⓘ
micro-prudential supervision framework ⓘ |
| implements | EU financial services rules ⓘ |
| jurisdiction | European Union ⓘ |
| legalBasis | EU financial services legislation ⓘ |
| monitors | systemic risks in the EU financial system ⓘ |
| oversees | stability of the EU financial system ⓘ |
| policyArea |
financial regulation
ⓘ
prudential supervision ⓘ systemic risk oversight ⓘ |
| purpose |
to ensure financial stability in the European Union
ⓘ
to ensure proper functioning of the EU financial system ⓘ to improve micro-prudential supervision in the EU ⓘ to strengthen macro-prudential oversight in the EU ⓘ |
| regionServed | European Economic Area NERFINISHED ⓘ |
| relatedTo |
Banking Union
NERFINISHED
ⓘ
Capital Markets Union NERFINISHED ⓘ |
| sectorCovered |
banking
ⓘ
insurance ⓘ occupational pensions ⓘ securities markets ⓘ |
| standsFor | European System of Financial Supervision NERFINISHED ⓘ |
| supervisoryLevel |
EU level
ⓘ
national level ⓘ |
| worksUnder | European Union institutional framework ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.