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EU: Financial market supervision

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The Audiovisual Service of the European Commission has produced an infoclip, to illustrate the adoption by the European Commission on 23/09/2009, of a legislative package that will set up, for the first time, a truly European system of supervision for the financial sector. It envisages the formation of a European Systemic Risk Board (ESRB), which is to monitor and assess risks to the stability of the financial system as a whole, and where necessary, to issue warnings and recommendations to deal with risks. The other key element of the package, is the creation of a European System of Financial Supervisors (ESFS), involving new European Supervisory Authorities for the banking, securities and insurance and occupational pensions sectors, which will be responsible for co-ordinating and facilitating the work of national supervisors. The package is a key element of the EU's response to the financial crisis, and its strategy, to prevent future crises. It will also put the EU in a strong position, to lead in shaping the global coordination being developed, under G20 auspices. This infoclip includes: - footage filmed recently in London, Frankfurt, Dublin, Ljubljana, New York and Bretton Woods; - images of national central banks and others, financial services centres, stock exchanges and brokers; - and footage of the the European Central Bank (ECB), Mount Washington Resort in Bretton Woods, and people in streets.
SHOTLIST

Type: Stockshot   Reference: I-062908   Date: 21/09/2009   Duration: 05:40
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