European System of Financial Supervision meaning

In this issue: UK, EU and international regulators and bodies Authorisation, approval and supervision Prudential requirements Financial crime and sanctions Consumer protection Complaints, compensation and claims management Investigations, enforcement and discipline Regulation of capital markets Dispute resolution for financial services lawyers Regulation of derivatives Sustainable finance and ESG Banks and mutuals UK MiFID II EU MiFID II Consumer credit Regulation of insurance Payment services and systems Fintech and cryptoassets LexTalk®Financial Services: a Lexis®Nexis community Daily and weekly news alerts New and updated content Dates for your diary UK, EU and international regulators and bodies FCA publishes Handbook Notice No 135 The Financial Conduct Authority (FCA) has issued Handbook Notice No 134, outlining amendments to the FCA Handbook and related materials approved by the FCA board on 27 November 2025. See: LNB News 28/11/2025 48. ESMA sets out planned consultations for...

In this issue: UK, EU and international regulators and bodies Prudential requirements Risk management and controls Operational resilience Financial crime and sanctions Complaints, compensation and claims management Investigations, enforcement and discipline Regulation of capital markets Sustainable finance and ESG Banks and mutuals Investment funds and asset management Consumer credit, mortgage and home finance Regulation of insurance Payment services and systems Fintech and cryptoassets Regulation of AI in FS Dates for your diary New and updated content Financial Services Enforcement Database Daily and weekly news alerts LexTalk®Financial Services: a Lexis®Nexis community UK, EU and international regulators and bodies ESAs publish spring 2026 joint risk update The three European Supervisory Authorities—the European Banking Authority, the European Insurance and Occupational Pensions Authority, and the European Securities and Markets Authority—have released their Joint Committee spring 2026 update examining risks and vulnerabilities across the EU financial system....

In this issue: UK, EU and international regulators and bodies Authorisation, approval and supervision Operational resilience Financial crime and sanctions Consumer protection Complaints, compensation and claims management Investigations, enforcement and discipline Regulation of capital markets Packaged Retail and Insurance-based Investment Products (PRIIPs) Dispute resolution for financial services lawyers Regulation of derivatives Sustainable finance and ESG Investment funds and asset management UK MiFID II EU MiFID II Payment services and systems Fintech and cryptoassets Regulation of AI in FS LexTalk®Financial Services: a Lexis®Nexis community Financial Services Enforcement Database Daily and weekly news alerts Intraday news alerts New and updated content Dates for your diary Latest Q&As No Weekly Highlights on 24 April 2025 UK, EU and international regulators and bodies FCA announces first international presence in US and Asia-Pacific regions The Financial Conduct Authority (FCA) has unveiled its...

The European Central Bank (ECB) sits at the heart of the Eurosystem and the European System of Central Banks (ESCB). It replaced the European Monetary Institute on 1 June 1998 and, from 1 January 1999, took full charge of monetary policy decision-making for the euro zone. In 2014, it also took on comprehensive supervisory duties for banks in Member States participating in the Single Supervisory Mechanism. The ECB works alongside the European Supervisory authorities, in particular the European Banking Authority (EBA). The EBA’s principal role is to help develop the European Single Rulebook in banking, designed to deliver a single set of harmonised prudential rules for financial institutions across the EU. Background to the ECB The ECB was founded under Article 8 of the Treaty on the Functioning of the European Union as a specialised, independent organisation for conducting monetary policy. Together with the national central banks of Member States that have adopted the euro, it forms the Eurosystem, which serves as the monetary authority for the euro...

Scope of this Practice Note This Practice Note offers guidance on the European Supervisory Authorities (ESAs): European Securities and Markets Authority (ESMA) European Banking Authority (EBA) European Insurance and Occupational Pensions Authority (EIOPA) Among other matters, it explains their roles and general powers to prepare draft technical standards, and to issue opinions, guidance and recommendations to national supervisors within the EU. Together with the European Systemic Risk Board (ESRB) and the national competent authorities (NCAs) of EU Member States, the ESAs form the European System of Financial Supervision (ESFS). The ESAs collaborate with the ESRB to safeguard financial stability and to strengthen and enhance the EU supervisory framework, aiming to improve co-ordination among national supervisory bodies and to raise the quality of national supervision across the EU. The ESAs also issue guidance and recommendations which national supervisors and firms must make every effort to follow. Where the ESAs consider that a national competent authority (NCA) is failing...

This Practice Note presents a jurisdiction-specific Q&A on banking regulation in Greece, released as part of the Lexology Getting the Deal Through series by Law Business Research (law stated at: 7 February 2023). Authors: Zepos & Yannopoulos—Elena Papachristou; Vivian Efthymiou 1. What are the principal governmental and regulatory policies that govern the banking sector? EU banking rules and principles have been transposed into Greece’s core banking framework, intended to: protect the stability of the financial system and, to that purpose, lay down rules on: authorisation; conduct of business; withdrawal of authorisation of banks; micro- and macroprudential supervision of banks; recovery and resolution of banks; and state aid of banks for their recapitalisation and deposit guarantee provisions; deliver adequate protection for banks’ customers and ensure transparency of transactions. The Bank of Greece (BoG), the country’s central bank, exercises prudential powers in the sector and, in particular, oversees...