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Committee Of European Securities Regulators
The Committee of European Securities Regulators (CESR) was an independent committee of European Securities commission, Securities regulators, in place from 2001 to 2010. On , it was replaced by the European Securities and Markets Authority (ESMA). Background Chairs' Informal Group While Europe's Banking supervision, banking supervisors came together in a regular format as early as 1972 with the creation of the Groupe de Contact, the process of international coordination came more slowly to the securities space, if only because many European countries lacked an independent securities commission. Eventually, in 1989, the leaders of the Belgian Banking Commission (est. 1935, with its mandate expanded to securities in the 1960s), French Commission des Opérations de Bourse (COB, est. 1967), Italian Commissione Nazionale per le Società e la Borsa (CONSOB, est. 1974), UK Securities and Investments Board (SIB, est. 1985), Spanish Comisión Nacional del Mercado de Valores (CNMV, est. 198 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Securities Commission
A securities commission, securities regulator or capital market authority is a government department or agency responsible for financial regulation of securities products within a particular country. Its powers and responsibilities vary greatly from country to country, but generally cover the setting of rules as well as enforcing them for financial intermediaries and stock exchanges. History As long as there have been securities there have been regulations. However, in the early days this consisted primarily of self-regulated groups or societies. External government regulation has primarily been driven by financial crises or scandals. As early as the 13th century the king Edward I of England decreed that brokers should be licensed after he was forced to go to local money brokers that give much less favorable terms then his Italian brokers after the start of the Anglo-French war. In 1720 the British Parliament passed the Bubble Act which had specific regulations for securit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Portuguese Securities Market Commission
The Portuguese Securities Market Commission, also known by its initials as "CMVM", is the Portuguese financial regulator that supervises and regulates securities and other financial instruments and activities of all those who operate within said markets. The CMVM is an independent public agency endowed with administrative and financial autonomy. It derives its income from supervision fees charged for services and not the General State Budget. History CMVM was incepted via Decree-Law No. 142-A/91, of 10 April, and established on 10 May 1991 following 30 days after its publication. Mission It is CMVM's mission to: * Sanction infractions to the Securities Code and other national legislation; * Ensure the stability of the financial markets, by contributing to identify and prevent systemic risk; * Contribute to the development of financial instruments markets; * Provide information and handle complaints of non-qualified investors; * Mediate conflicts between entities that are s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Council
The European Council (informally EUCO) is a collegiate body (directorial system) and a symbolic collective head of state, that defines the overall political direction and general priorities of the European Union (EU). It is composed of the heads of state or Head of government, of government of the Member state of the European Union, EU member states, the president of the European Council, and the president of the European Commission. The High Representative of the Union for Foreign Affairs and Security Policy also takes part in its meetings. Established as an informal summit in 1975, the European Council was formalised as an institution in 2009 upon the Coming into force, commencement of the Treaty of Lisbon. Its current president is António Costa, former Prime Minister of Portugal, prime minister of Portugal. Scope While the European Council has no legislative power, it is a strategic (and crisis-solving) body that provides the union with general political directions and pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Commission
The European Commission (EC) is the primary Executive (government), executive arm of the European Union (EU). It operates as a cabinet government, with a number of European Commissioner, members of the Commission (directorial system, informally known as "commissioners") corresponding to two thirds of the number of Member state of the European Union, member states, unless the European Council, acting unanimously, decides to alter this number. The current number of commissioners is 27, including the president. It includes an administrative body of about 32,000 European civil servants. The commission is divided into departments known as Directorate-General, Directorates-General (DGs) that can be likened to departments or Ministry (government department), ministries each headed by a director-general who is responsible to a commissioner. Currently, there is one member per European Union member state, member state, but members are bound by their oath of office to represent the genera ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Supervisory Authority (Iceland)
The Financial Supervisory Authority () was the single supervisory authority for the financial sector in Iceland from 1999 to end-2019. Companies regulated by the authority included commercial banks, savings banks, insurance companies, insurance brokers, credit institutions (investment banks and credit card companies), securities firms, securities brokers, mutual funds and pension funds management companies and other entities authorized to receive deposits. Its first CEO was Pall Gunnar Palsson, who directed from 1999 to 2005. On , the FME was merged into the Central Bank of Iceland. History The FME was established in 1999, under the authority of two acts of legislation, act number 87/1998 on the Official Supervision of Financial Operations and act number 99/1999 on the Payment of Cost Due to the Official Supervision of Financial Activities. FME and the Icelandic financial crisis 2008 During the 2008–2012 Icelandic financial crisis Jónas Fr Jónsson was the CEO of the FME, bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Authority
The Financial Services Authority (FSA) was a quasi-judicial body accountable for the regulation of the financial services industry in the United Kingdom between 2001 and 2013. It was founded as the Securities and Investments Board (SIB) in 1985. Its board was appointed by the Treasury, although it operated independently of government. It was structured as a company limited by guarantee and was funded entirely by fees charged to the financial services industry. Due to perceived regulatory failure of the banks during the 2008 financial crisis, the UK government decided to restructure financial regulation and abolish the FSA. On 19 December 2012, the Financial Services Act 2012 received royal assent, abolishing the FSA with effect from 1 April 2013. Its responsibilities were then split between two new agencies: the Financial Conduct Authority and the Prudential Regulation Authority of the Bank of England. Until its abolition, Lord Turner of Ecchinswell was the FSA's chairman an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commission De Surveillance Du Secteur Financier
The (CSSF) is the main financial regulatory authority in Luxembourg. Since 2014, it has been the country's national competent authority within European Banking Supervision. The CSSF is also responsible for the supervision of experts in the financial sector, investment companies, pension funds, regulated securities markets and their operators, multilateral trading facilities and payment institutions, and is the competent authority for the public auditor oversight. History The CSSF took over the duties of the former Commissariat aux Bourses and of the Institut Monétaire Luxembourgeois (IML), which on 1 June 1998, became the Banque centrale du Luxembourg (BCL). Structure General organisation Beside the Executive board, the CSSF consists of: * Executive Board secretariat * General secretariat * PFS application guidance and regulation * Legal department * On-site inspection * Public oversight of the audit profession * Accounting, auditing and transparency * UCI depart ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bundes-Wertpapieraufsicht
The Austrian Financial Market Authority (, FMA) is Austria's integrated financial regulatory authority and has been its national competent authority within European Banking Supervision since 2014. It is responsible for the supervision of credit institutions (complementarily with the European Central Bank), payment institutions, insurance companies, pension funds, Fund managers, licensed securities service providers, and stock exchanges. The FMA is an independent authority within the framework of the Financial Market Authority Act (FMABG), and is thus not bound by any political directives in the exercise of its office. However, the Ministry of Finance (Austria) has the right to consent to individual FMA regulations. Since Austria is a member of the European Economic Area, the FMA works closely with European supervisory authorities including the European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA) and European Securities and Markets Au ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finnish Financial Supervisory Authority
The Finnish Financial Supervisory Authority (FIN-FSA; or Fiva; or FI) is the Financial regulatory authority responsible for the regulation of financial services in Finland. Since 2014, it has also been Finland's national competent authority within European Banking Supervision. History The Financial Supervisory Authority (FIN-FSA) was established on 1 January 2009, following a merger of the former Financial Supervision Authority and the Insurance Supervisory Authority. FIN-FSA operates in connection with the Bank of Finland. The predecessor of the Financial Supervision Authority was the ''Banking Supervision Office'' (in Finnish: ''Rahoitustarkastus'' ata also then in Swedish: ''Finansinspektionen'' I. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finansinspektionen
Financial Supervisory Authority (, FI) is the Swedish government agency responsible for financial regulation in Sweden. It is responsible for the oversight, regulation and authorisation of financial markets and their participants. The agency falls under the Swedish Ministry of Finance and regulates all organisations that provide financial services in Sweden. History FI was formed 1991 to create a single integrated regulator covering banking, securities, and insurance in Sweden. This was done with the merging of the former banking and insurance supervisory bodies, the Bank Inspectorate () and the Insurance Supervision Authority (). Responsibilities FI's primary responsibility is market stability and the monitoring of financial markets and participants. It also has a responsibility to provide consumer protection in relation to financial products. One of its tasks is monitoring for instability that will negatively affect the Swedish financial system. If it believes that this ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Supervisory Authority (Denmark)
The Danish Financial Supervisory Authority (DFSA) () is the financial regulatory authority of the Danish government responsible for the regulation of financial markets in Denmark. Finanstilsynet is part of the Ministry of Economic and Business Affairs and also acts as secretariat for the Financial Business Council, the Danish Securities Council and the Money and Pension Panel. History Finanstilsynet was established on the 1 Jan 1988 with the merger of the Supervisory Authority for Banks and Savings Banks and the Insurance Supervisory Authority. In January 1990, the Supervisory Authority for Mortgage Credit Institutions was transferred to Finanstilsyne from the Danish Housing Agency. However political responsibility for mortgage credit remained with the ministry of housing and so Finanstilsynet reported to both the Minister for Housing and the Minister for Economic Affairs until 1994 when political responsibility was passed to the Minister for Economic Affairs. In November 2001 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Supervisory Authority Of Norway
The Financial Supervisory Authority of Norway () is a Norwegian government agency responsible for supervision of financial companies within Norway based on law and regulations from Storting, the Norwegian Ministry of Finance and international accounting standards. The agency is located in Oslo and is under the supervision of the Ministry of Finance. History It was established in 1986 through a merger of the Bank Inspection Agency, the Broker Control Agency and the Norwegian Insurance Council. Primary companies supervised by the authority are banks, insurance companies, credit companies, financing companies, pension funds, security companies, stock exchanges, security registries, real estate agencies, debt collection agencies, accountants and auditors. It was formerly named (lit. the Credit Supervisory Authority), but changed its name to in December 2009. See also * Securities Commission * List of financial regulatory authorities by jurisdiction References Extern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
