|
Supervisory Board Of The European Central Bank
The Supervisory Board of the European Central Bank is the main operational decision-making body within the European Central Bank on bank supervision matters, within the framework of European Banking Supervision. It meets twice a month to discuss, plan and carry out the ECB's supervisory tasks. It is not, however, the ultimate decision-making body, as it only prepares draft decisions for the Governing Council under a no-objection procedure. Overview The Supervisory Board is composed of a Chair, appointed for a non-renewable term of five years; a Vice Chair, chosen from among the members of the ECB's Executive Board; four members directly appointed by the ECB, known as ECB representatives; and representatives of national competent authorities. If the national supervisory authority designated by a Member State is not the country's national central bank, the representative of the competent authority can be accompanied by a representative from that national central bank. In such case ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anneli Tuominen
Hilkka Liisa Anneli Tuominen (born 12 November 1954 in Hämeenkyrö) is a Finnish lawyer and economist. She has served in various positions at the Finnish Financial Supervisory Authority for 25 years, most recently as Director General of the Financial Supervisory Authority since 2009. The European Central Bank appointed Tuominen as a member of its Supervisory Board for a five-year term, and she started in her new position in the summer of 2022. Tuominen has previously worked at Union Bank of Finland Ltd in London from 1986 to 1990 and at the Bank of Finland The Bank of Finland (, ) is the national central bank for Finland within the Eurosystem. It was the Finnish central bank from 1865 to 1998, issuing the markka. It views itself as the fourth oldest surviving central bank in the world, after Swed ... as a bank manager from 1991 to 1996. At the Financial Supervision Authority, she served as Deputy Director and Head of the Market Supervision Department from 1996 to 2007, and a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Financial Supervisory Authority
The Federal Financial Supervisory Authority (), better known by its abbreviation BaFin, is Germany's integrated financial regulatory authority. Since 2014, it has been Germany's national competent authority within European Banking Supervision. It is an independent federal institution with headquarters in Bonn and Frankfurt and falls under the supervision of the Federal Ministry of Finance. BaFin supervises about 2,700 banks, 800 financial services institutions, and over 700 insurance undertakings. History 1930s beginnings Prudential banking supervision in Germany essentially started as a consequence of the banking crisis of 1931, prior to which the only supervised credit institutions were the public savings banks. On , a decree established the office of (), for which Chancellor Heinrich Brüning appointed . In 1934, this was transformed into the , by new comprehensive banking legislation ( of ). Initially the Reichsbank was associated with the supervisory process throug ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
French Prudential Supervision And Resolution Authority
The French Prudential Supervision and Resolution Authority (, ACPR), formerly known as Prudential Supervision Authority (, ACP), is a financial regulatory authority within the Bank of France, which exercises prudential supervision of regulated French financial firms such as banks and insurance companies. Since 2014, it has been France's national competent authority within European Banking Supervision. History Background A number of financial supervisory authorities were created in France over the years and with various mandates. These included: * the Bank Supervisory Commission (, CCB), established in 1941 and renamed in 1984 the () * the Insurance Supervisory Commission (, CCA, est. 1990) and the Mutual Insurance and Health Care Supervisory Commission (, CCMIP, est. 1990), merged by law of to form the (CCAMIP), renamed in 2005 as (ACAM, ) * the (, CECEI, est. 1984) and Committee for Insurance Companies (, CEA, est. 2003), separate licensing authorities, respectively, fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Finland
The Bank of Finland (, ) is the national central bank for Finland within the Eurosystem. It was the Finnish central bank from 1865 to 1998, issuing the markka. It views itself as the fourth oldest surviving central bank in the world, after Sweden's Riksbank, the Bank of England, and the Bank of France, having been originally created in 1811-1812 as the Office of Exchange, Lending, and Deposits of the Grand Duchy of Finland () before taking its current name in 1840. Unlike many other longstanding central banks, it has always been government-owned. History Russian Empire In 1809, the Russian Empire annexed Finland and made it a Grand Duchy with its own administrative structure. One aim of the new authorities was to sever Finland's previous economic integration with Sweden, including the use of the Swedish riksdaler as currency. To that effect, the Office of Exchange, Lending, and Deposits was chartered on and established on in Turku by Alexander I of Russia, partly model ... [...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] |
Bank Of Estonia
The Bank of Estonia () is the national central bank for Estonia within the Eurosystem. It was the Estonian central bank from 1919 to 2010 (albeit with a long suspension between 1940 and 1989), issuing the kroon. Name Like other central banks, the Bank of Estonia refers to itself in its native language even in English-speaking contexts. History Interwar period The bank was established on 24 February 1919 by the provisional government of Estonia following the independence of Estonia. In 1921, Eesti Pank was made the national bank and given the duty of printing the Estonian mark. The Bank of Estonia was restructured under the conditions of the stabilization loan coordinated by the Economic and Financial Organization of the League of Nations. A new version of the Statutes was approved in 1927, according to which Eesti Pank became an independent note-issuing central bank with limited functions. The main tasks of the bank remained to guarantee the value of the money throug ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Supervisory Authority (Estonia)
Finantsinspektsioon (Estonian Financial Supervision and Resolution Authority) is a financial supervision and crisis resolution authority with autonomous responsibilities and budget that works on behalf of the state of Estonia and is independent in its decision-making. Finantsinspektsioon carries out state supervision over banks, insurance companies, insurance intermediaries, investment firms, fund managers, investment and pension funds, payment institutions, e-money institutions, creditors and credit intermediaries, and the securities market that all operate under activity licences granted by Finantsinspektsioon. See also * Economy of Estonia * Bank of Estonia * Government of Estonia * List of financial regulatory authorities by jurisdiction References Economy of Estonia Government of Estonia Estonia Estonia Estonia, officially the Republic of Estonia, is a country in Northern Europe. It is bordered to the north by the Gulf of Finland across from Finland, to the west ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Cyprus
The Central Bank of Cyprus ( ) is the national central bank for the Republic of Cyprus within the Eurosystem, and was the Cypriot central bank from 1963 to 2007, issuing the Cypriot pound. Since 2014, it has also been Cyprus's national competent authority within European Banking Supervision. History The Central Bank of Cyprus has its origins in the British Colonial Government of Cyprus, which established a Cyprus Currency Board in 1927. This followed on from the unilateral annexation of Cyprus by the British Empire in 1914, the Treaty of Lausanne, establishing the legality in international law of this British takeover, in 1923, and the full establishment of a colonial system of government in Cyprus, with the creation of a Legislative Council, in 1926. The role of the Chairman of the Currency Board was held by the Accountant General, also known as the Auditor General, of the Government of Cyprus. The Board could issue notes and coins, initially denominated in the Cypriot poun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Croatian National Bank
The Croatian National Bank (; ), known until 1997 as the National Bank of Croatia (), is the national central bank for Croatia within the Eurosystem. Originally established in 1972 under the decentralization of the National Bank of Yugoslavia, it became a fully-fledged central bank in late 1991 with the independence of Croatia, and was subsequently the Croatian central bank until 2022, issuing the Croatian dinar until 1994 and subsequently the Croatian kuna until Croatian adoption of the euro on . It has also been Croatia's national competent authority within European Banking Supervision since 2020. The acronym for the National Bank in Croatian, as used in their logo, is HNB. The Bank uses the English-language acronym CNB in its publications in English. The CNB's role was specified by the Constitution of Croatia which was passed by the Parliament of Croatia on 21 December 1990. In performing its duties, the CNB acts as an independent institution responsible to the Parliame ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bulgarian National Bank
The Bulgarian National Bank (, , BNB) is the central bank of the Republic of Bulgaria. It has also been Bulgaria's national competent authority within European Banking Supervision since 2020. Headquartered in Sofia, the bank was established in 1879. It is the 13th-oldest continuously existing central bank in the world. The bank has a key role in the Bulgarian economy. An independent institution responsible for issuing all banknotes and coins in the country, BNB is tasked with safekeeping the government's currency reserves. It is also the sole owner of the Bulgarian Mint. Since 1 October 2007, it has been a member of the European System of Central Banks. The governor of the BNB is a member of the General Assembly of the European Central Bank. History Establishment and early development On 25 January 1879, the Russian Imperial Commissar in Bulgaria, Knyaz Alexander Dondukov-Korsakov, approved the Charter of the Bulgarian National Bank. On 4 April 1879, the first BNB Governor w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Bank Of Belgium
The National Bank of Belgium (NBB; , NBB; , BNB; , BNB) is the National central bank (Eurosystem), national central bank for Belgium within the Eurosystem. It was the Belgian central bank from 1850 until 1998, established by law of and issuing the Belgian franc - albeit with interruption during World War I and duplication during World War II, when two National Banks with diverging loyalties operated in parallel from Brussels and London between July 1941 and September 1944. Since 2011, the National Bank has also been Belgium's prudential supervisory authority, and since 2014, its national competent authority within European Banking Supervision. In the area of financial market infrastructure, it stands out as supervisor of Euroclear and lead overseer of SWIFT; it also operates a central securities depository of its own, the National Bank of Belgium Securities Settlement System or NBB-SSS. Additional tasks include the management of foreign currency reserves; the collection, circu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
