European System of Financial Supervisors (ESFS)
A supra-national structure established to deal with cross-border aspects of financial stability in Europe post financial crisis in 2008. ESFS brings together existing national supervisors with three new sectoral EU-level authorities (for banking, insurance, and securities markets respectively) and supervise individual (but unnamed) financial institutions important enough to pose a widespread threat if they encounter problems.
Nearby TermsEuropean Options Exchange (EOE) European Securities and Markets Authority (ESMA) European System of Financial Supervisors (ESFS) European Systemic Risk Council (ESRC) European terms
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University