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Part V European Markets and Exchanges, 13 The European System of Financial Supervision

Stuart Willey

From: Financial Markets and Exchanges Law (2nd Edition)

Edited By: Michael Blair, George Walker, Stuart Willey

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved.date: 30 September 2020

Subject(s):
European Banking Authority (EBA) — European Systemic Risk Board (ESRB) — International Monetary Fund (IMF) — Financial Stability Board (FSB) — European Securities and Markets Authority (ESMA) — Alternative Investment Fund Managers Directive (AIFMD) — Credit default swap (CDS)
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...
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