Please enable JavaScript.
Coggle requires JavaScript to display documents.
ESFS - Coggle Diagram
ESFS
European Banking Authority (EBA)
to contribute, through the adoption of binding Technical Standards (BTS) and Guidelines, to the creation of the European Single Rulebook in banking.
investigating alleged incorrect or insufficient application of EU law by national authorities
taking decisions directed at individual competent authorities or financial institutions in emergency situations
mediating to resolve disagreements between competent authorities in cross-border situations
acting as an independent advisory body to the European Parliament, the Council or the Commission
taking a leading role in promoting transparency, simplicity and fairness in the market for consumer financial products or services across the internal market.
assessing risks and vulnerabilities in the EU banking sector
Structure :
Board of Supervicors (BoS)
Standing Committee on anti-money laundering and countering terrorist financing (AMLSC)
Resolution Committee (ResCo)
Management Board (MB)
European System Risk Board (ESRB)
identification and prioritization of systemic risks;
dentification and / or collection and analysis of all relevant and necessary information to achieve the objectives of the ESRB;
warnings in cases where systemic risks become significant and, where appropriate, the public dissemination of such warnings;
providing recommendations for corrective action in response to identified risks and, where appropriate, public dissemination of such recommendations;
issuing warnings to the Council of the EU on threatening situations and assessments of such situations so that the Council can approve the decisions needed to resolve the problem situation;
monitoring the implementation of the provided warnings and recommendations;
Coordinating with international financial institutions, in particular the IMF and the RFU, as well as relevant third country authorities on macro-prudential oversight issues.
Structure:
1.General Board
2.Steering Committee
3.Advisory Technical Committee
4.Advisory Scientific Committee
5.Secretariat
European Securities and Market Authority (ESMA)
promoting supervisory convergence
completing a single rulebook for EU financial markets;
to safeguarding the stability of the EU's financial system by enhancing the protection of investors and promoting stable and orderly financial markets.
assessing risks to investors, markets and financial stability;
directly supervising credit rating agencies, trade repositories and securitisation repositories.
GOVERNANCE:
The Board of Supervisors .
2.The Management Board (MB).
European Insurance and occupational Pensions Authority(EIOPA)
To improve consumer protection and rebuild trust in the financial system
To ensure strong, effective and consistent regulation and supervision, taking account of the interests of all member states and the different nature of financial institutions
To bring about more harmonised and consistent application of the rules for financial institutions and markets across the EU
To strengthen the oversight of cross-border groups
To promote coordinated supervisory responses from the EU
Governance structure:
2.Managment board
3.Internal organisation
4.Working groups
5.Working with stakeholders
6.Joint board of appeal
1.Joint Comittee