Zadania europejskiego systemu nadzoru finansowego
Tasks of the European System of Financial Supervision

Summary/Abstract: The establishment of the European System of Financial Supervision (ESFS) reinforced the supervision of the Union’s financial system. The European Systemic Risk Board is responsible for the macro-prudential oversight of the financial system within the Union in order to contribute to the prevention or mitigation of systemic risk to financial stability in the Union. The European Supervisory Authority, which is responsible for the micro- prudential oversight of the financial institutions, has the powers to develop draft technical standards, issues guidelines and recommendations with a view to establishing consistent, efficient and effective supervisory practices within the ESFS, issues recommendations concerned setting out the action necessary to comply with the Union law, coordinates any actions undertaken by the national supervisory authorities in emergency situations, settles of disagreements between competent authorities in cross-border situations.

• Details
• Contents