13.01 The new European System of Financial Supervision (ESFS), which has been in place since 1 January 2011, comprises: 13.02 The ESFS was established following the publication of a report from a ‘high-level’ group chaired by Jacques de Larosière in February 2009.1 The de Larosière Report marked a highly significant EU institutional response to the financial markets crisis that had begun in the autumn of 2007. The central thrust of this report was to recommend action to ‘repair’ the European system for financial regulation and macro-economic oversight. The...
Users without a subscription are not able to see the full
content. Please,
subscribe
or
login
to access all content.