European System of Financial Supervisors (ESFS)

Definition:

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.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

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Own foreign offices

U.S. reporting institutions' parent organizations, branches, and/or majority owned subsidiaries located outside the United States.

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