To send content items to your account,
please confirm that you agree to abide by our usage policies.
If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account.
Find out more about sending content to .
To send content items to your Kindle, first ensure email@example.com
is added to your Approved Personal Document E-mail List under your Personal Document Settings
on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part
of your Kindle email address below.
Find out more about sending to your Kindle.
Note you can select to send to either the @free.kindle.com or @kindle.com variations.
‘@free.kindle.com’ emails are free but can only be sent to your device when it is connected to wi-fi.
‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Introduction to the European System of Financial Supervision
One of the European responses to the financial crisis which started in 2007, was the creation of a new architecture for financial supervision in Europe. The new European supervisory structure came into force on January 1, 2011, less than two years after the publication of the “de Larosière report” which recommended the new structure in response to the financial crisis. With the goal of maintaining financial stability in Europe, the European System of Financial Supervision (ESFS) is built on a two pillar supervisory approach. One pillar refers to microprudential supervision and consists of three European Supervisory Authorities (ESAs) and the European Central Bank (ECB). The other, a macroprudential pillar, is the European Systemic Risk Board (ESRB) and the ECB. At the microprudential level, the European Banking Authority (EBA) is created for the banking sector, the European Securities and Markets Authority (ESMA) for securities markets, and the European Insurance and Occupational Pensions Authority (EIOPA) for the insurance and occupational pensions sector. Furthermore, a Joint Committee of the ESAs is established for coordinating the microprudential activities across Europe.
The three ESAs and the ECB coordinate supervision of, and regulations for, European markets and do not replace existing national competent authorities (NCA), which continue to be involved in the day-to-day supervision.
Email your librarian or administrator to recommend adding this to your organisation's collection.