Capital Markets Union: Creating a stronger and more integrated European financial supervisory architecture
The European System of Financial Supervision (ESFS), which aims to strengthen financial supervision, improve consumer protection and ultimately rebuild trust in the EU financial system, consists of the three main European Supervisory Agencies (ESAs) and the European Systemic Risk Board (ESRB). The ESAs supervise individual sectors and institutions (the “micro-prudential” pillar), whereas the ESRB oversees […]
