{
  "title": "European Union: Publication of Financial Sector Assessment Program Documentation—Technical Note on European Securities and Markets Authority",
  "publication": "IMF Staff Country Reports, March 15, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/european-union-publication-of-financial-sector-assessment-program-documentation-technical-40397",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2016/12/31/european-union-publication-of-financial-sector-assessment-program-documentation-technical-40397",
  "overlayPath": "/en/publications/cr/issues/2016/12/31/european-union-publication-of-financial-sector-assessment-program-documentation-technical-40397/index.md",
  "summary": "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.",
  "sections": [
    {
      "heading": "Overview and purpose",
      "content": "- Reviews the European Securities and Markets Authority (ESMA) of the European Union.\n- ESMA performed a role in the regulation and supervision of the securities market.\n- ESMA was created to supervise the financial system to enhance financial markets.\n- The assessment of the ESMA in the European Union is described as a next level in economic development."
    },
    {
      "heading": "Crisis management and risk monitoring",
      "content": "- In crisis management, ESMA focused on coordination.\n- ESMA identified and monitored risks during crises."
    },
    {
      "heading": "Regulatory and supervisory roles",
      "content": "- ESMA played an important role in the single rule book credit rating agency supervision.\n- ESMA’s functions encompassed regulation and supervision of securities markets."
    },
    {
      "heading": "Subject areas covered",
      "content": "- Budget planning and preparation\n- Crisis management\n- Financial crises\n- Financial markets\n- Financial sector policy and analysis\n- Financial sector stability\n- Labor\n- Public financial management (PFM)\n- Securities markets"
    },
    {
      "heading": "Keywords and governance topics",
      "content": "- Budget planning and preparation\n- CR\n- Crisis management\n- ESMA chair\n- ESMA official\n- ESMA regulation\n- ESMA staff\n- Europe\n- Financial sector stability\n- Global\n- governance structure\n- ISCR\n- Securities markets\n- simulation exercise\n\n---\n\n Content in this bundle\n\n- Cr1369\n  - Cr1369 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Cr1369 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2016/12/31/european-union-publication-of-financial-sector-assessment-program-documentation-technical-40397/index.md)",
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    "Published: March 15, 2013",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475552201.002",
    "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.",
    "In crisis management, ESMA focused on coordination.",
    "ESMA identified and monitored risks during crises.",
    "ESMA played an important role in the single rule book credit rating agency supervision.",
    "ESMA’s functions encompassed regulation and supervision of securities markets.",
    "CR",
    "ESMA chair",
    "ESMA official",
    "ESMA regulation",
    "ESMA staff",
    "Europe",
    "Global",
    "governance structure",
    "ISCR",
    "simulation exercise",
    "**Cr1369**"
  ],
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    {
      "title": "Cr1369",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2013/_cr1369.pdf",
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