European System of Financial Supervision
From ACT Wiki
(ESFS).
The ESFS comprises:
- The three European Supervisory Authorities (ESAs), the EBA, ESMA and EIOPA
- The Joint Committee of the ESAs
- The European Systemic Risk Board (ESRB)
- The European Central Bank and
- The supervisory authorities of each member state
The purpose of the ESFS is to support the efficient functioning of the European single market by harmonising regulation and supervision in each member state.