World Library  
Flag as Inappropriate
Email this Article

European Securities and Markets Authority

Article Id: WHEBN0030554781
Reproduction Date:

Title: European Securities and Markets Authority  
Author: World Heritage Encyclopedia
Language: English
Subject: Agencies of the European Union, European Banking Authority, List of acronyms associated with the Eurozone crisis, Additional notification thresholds, European Market Infrastructure Regulation
Collection:
Publisher: World Heritage Encyclopedia
Publication
Date:
 

European Securities and Markets Authority

European Securities and Markets Authority
Agency overview
Formed 1 January 2011 (2011-01-01)
Preceding
Jurisdiction European Union
Headquarters Paris, France
Agency executives
  • Steven Maijoor, Chairperson
  • Verena Ross, Executive Director
Key document
  • Regulation (EU) No 1095/2010
Website .eu.europa.esmawww

The European Securities and Markets Authority (ESMA) is a European Union financial regulatory institution and European Supervisory Authority,[1] located in Paris.

ESMA replaced the Committee of European Securities Regulators (CESR) on 1 January 2011. It is one of the three new European Supervisory Authorities set up within the European System of Financial Supervisors.

Overview

ESMA works in the field of securities legislation and regulation to improve the functioning of financial markets in Europe, strengthening investor protection and cooperation between national competent authorities.

The idea behind ESMA is to establish a "EU-wide financial markets watchdog". One of its main tasks is to regulate credit rating agencies. In 2010 credit rating agencies were criticized for the lack of transparency in their assessments and for a possible conflict of interest.[2] At the same time, the impact of the assigned ratings became significant not only for companies and banks, but also for states.

Notes

  1. ^
  2. ^

External links

  • European Securities And Markets Authority (official website)
  • Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authority)
  • Larosière report


This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 



Copyright © World Library Foundation. All rights reserved. eBooks from World Library are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.