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EU system of financial supervision

EU system of financial supervision

The European System of Financial Supervision (ESFS) consists of micro-prudential and macro-prudential supervision. 

The macro-prudential supervision is executed by the European Systemic Risk Board (ESRB). 

The micro-prudential supervision is executed by the Joint Committee of European Supervisory Authorities, comprising: 

  • the European Banking Authority (EBA)
  • the European Insurance and Occupational Pensions Authority (EIOPA)
  • the European Securities Markets Authority (ESMA) 

The foundation of the European System of Financial Supervision is made up of the National Competent Authorities (NCAS). 

L-aħħar reviżjoni: 8 ta' Frar 2019