European Parliament Library

European Union :, Publication of Financial Sector Assessment Program Documentation—Technical Note on European Securities and Markets Authority

This article reviews the European Securities and Markets Authority (ESMA) of the European Union. ESMA performed a role in the regulation and supervision of the securities market. ESMA was created to supervise the financial system to enhance financial markets. In crisis management, ESMA focused on coordination, and identified and monitored risks. It also played an important role in the single rule book credit rating agency supervision. The assessment of the ESMA in the European Union is a next level in economic development
Table Of Contents
Cover; Contents; Glossary; I. Summary; II. Introduction; III. Securities Markets: Brief Description of Market Structure; IV. ESMA: Institutional Arrangements; A. Mandate and Powers; B. Governance; C. Funding and Budget Issues; D. Organizational Structure and Resources; V. ESMA's Role in Financial Stability; A. Direct Supervision of CRAs; B. Identification and Monitoring of Risks; C. Crisis Management; VI. Other Functions; A. Single Rulebook; B. Supervisory Convergence; C. Investor Protection; VII. Cross Sectoral Arrangements; A. The Joint Committee; B. Cooperation with the ESRB
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (35 p.)
Specific Material Designation
Form Of Item

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