European System of Financial Supervision (ESFS)

01-02-2018

The European System of Financial Supervision (ESFS) is a multi-layered system of micro- and macro-prudential authorities that includes the European Systemic Risk Board, the three European supervisory authorities and the national supervisors. The ESFS aims to ensure consistent and coherent financial supervision in the EU. This supervisory system is undergoing changes further to the introduction of the Banking Union and the anticipated withdrawal of the United Kingdom from the EU.

The European System of Financial Supervision (ESFS) is a multi-layered system of micro- and macro-prudential authorities that includes the European Systemic Risk Board, the three European supervisory authorities and the national supervisors. The ESFS aims to ensure consistent and coherent financial supervision in the EU. This supervisory system is undergoing changes further to the introduction of the Banking Union and the anticipated withdrawal of the United Kingdom from the EU.