European Union: Publication of Financial Sector Assessment Program Documentation—Technical Note on European Securities and Markets Authority
IMF Staff Country Reports, March 15, 2013
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- European Union: Publication of Financial Sector Assessment Program Documentation—Technical Note on European Securities and Markets Authority
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Bibliographic details
- Published: March 15, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475552201.002
Overview and purpose
- 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.
- The assessment of the ESMA in the European Union is described as a next level in economic development.
Crisis management and risk monitoring
- In crisis management, ESMA focused on coordination.
- ESMA identified and monitored risks during crises.
Regulatory and supervisory roles
- ESMA played an important role in the single rule book credit rating agency supervision.
- ESMA’s functions encompassed regulation and supervision of securities markets.
Subject areas covered
- Budget planning and preparation
- Crisis management
- Financial crises
- Financial markets
- Financial sector policy and analysis
- Financial sector stability
- Labor
- Public financial management (PFM)
- Securities markets
Keywords and governance topics
- Budget planning and preparation
- CR
- Crisis management
- ESMA chair
- ESMA official
- ESMA regulation
- ESMA staff
- Europe
- Financial sector stability
- Global
- governance structure
- ISCR
- Securities markets
- simulation exercise