European Insurance and Occupational Pensions Authority and Opex: Difference between pages

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imported>Doug Williamson
(Expand first sentence.)
 
imported>Doug Williamson
(Create the page. Source: The Treasurer, September 2016, p21.)
 
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(EIOPA).  
'''Op'''erating '''Ex'''penditure.


EIOPA is part of the European System of Financial Supervision consisting of the three European Supervisory Authorities and the European Systemic Risk Board.
Opex is expenditure on items which are consumed, or whose benefits are otherwise enjoyed, in the short term, generally within the current financial reporting period.
 
It is an independent advisory body to the European Parliament, the Council of the European Union and the European Commission.
 
 
EIOPA’s responsibilities include supporting the stability of the financial system, transparency of markets and financial products as well as the protection of insurance policyholders, pension scheme members and beneficiaries.
 
 
''EIOPA is a successor to the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) which was created as part of the Lamfalussy Process.''


Opex is contrasted with capital expenditure ('capex').




== See also ==
== See also ==
* [[Beneficiary]]
* [[Capitalise]]
* [[European Banking Authority]] (EBA)
* [[Capital expenditure]]
* [[European Commission]]
* [[Expenditure]]
* [[European Council]]
* [[Revenue expenditure]]
* [[European Parliament]]
* [[European Securities and Markets Authority]]  (ESMA)
* [[European Supervisory Authority]]  (ESA)
* [[European System of Financial Supervision]] 
* [[European Systemic Risk Board]] 
* [[Insurance]]
* [[Lamfalussy Standards]]
* [[Pension scheme]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]

Revision as of 15:11, 6 September 2016

Operating Expenditure.

Opex is expenditure on items which are consumed, or whose benefits are otherwise enjoyed, in the short term, generally within the current financial reporting period.

Opex is contrasted with capital expenditure ('capex').


See also

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