Memo: Main findings of the review reports on the European System of Financial Supervision

The European Commission on the 8 August 2014 adopted the review reports on the European System of Financial Supervision (ESFS), consisting of a report on the operation of the European Supervisory Authorities (ESAs) – the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA) – and a report on the mission and organisation of the European Systemic Risk Board (ESRB).

These two reports set out the findings of a review of the functioning of the new supervisory architecture, which was put in place in 2011 as part of the comprehensive reforms in response to the financial crisis.

• Primary Source

ESO: Background information: Review of the New European System of Financial Supervision (ESFS), Part 1: The Work of the European Supervisory Authorities (EBA, EIOPA and ESMA) – The ESFS's Micro-Prudential Pillar / Part 2: The work of the European Systemic Risk Board – The ESFS'S Macro-Prudential Pillar http://www.europeansources.info/record/review-of-the-new-european-system-of-financial-supervision-esfs-part-1-the-work-of-the-european-supervisory-authorities-eba-eiopa-and-esma-the-esfss-micro-prudential-pillar-part-2/

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