The Audiovisual Service of the European Commission has produced a stockshot to illustrate the four new regulatory authorities which are being created. In September 2009 the Commission brought forward proposals to replace the EU's existing supervisory architecture with a European system of financial supervisors (ESFS), consisting of three European Supervisory Authorities – a European Banking Authority, a European Securities and Markets Authority, and a European Insurance and Occupational Pensions Authority. They will help restore confidence, contribute to the development of a single rulebook, solve problems with cross-border firms and prevent the build-up of risks that threaten the stability of the overall financial system.
On 22/09/2010, the European Parliament – following agreement by all Member States - voted through the new supervisory framework proposed by the Commission. This was confirmed by the ECOFIN Council on 17/11/2010. Three European supervisory authorities (ESAs) and a European Systemic Risk Board (ESRB) were established as from January 2011 to replace the former supervisory committees.
This stockshot includes:
- footage recently filmed in London, Frankfurt, Paris and Luxembourg;
- footage of the 4 new EU Regulatory Bodies and national supervisory authorities;
- footage of the European Central Bank (ECB) and European Investment Bank (EIB);
- images of stock exchanges, commodity exchanges, currency trading;
- images of European financial centres and national banks. SHOTLIST