EU: Financial market supervision
Type: Stockshots [short]
Lieu: Dublin - Grafton Street
End production: 17/09/2009 First transmission: 21/09/2009
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.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Credits and title
||Exterior view of the Bank of England, London
||General views of the city, with Swiss Re and Lloyd's Bank buildings, London (2 shots)
||Logos of various banks: Citibank, Bank of America, Crédit Suisse, Bank of Scotland, HSBC, Barclays Bank, Standard & Poor's, Lloyds TSB, London (8 shots)
||Interior views of a brokers's office, London (2 shots)
||Exterior views of the Royal Bank of Scotland (RBS), London
||General view, Frankfurt
||Exterior and interior views of the Frankfurt Stock Exchange, Frankfurt (4 shots)
||Exterior views of the Deutsche Bundesbank, Frankfurt (2 shots)
||General view of the financial services Centre, Frankfurt
||Exterior views of the European Central Bank (ECB), Frankfurt (2 shots)
||General views of the ECB Governance Council (10 January 2008), Frankfurt (4 shots)
||General views of the ECB operations, Frankfurt (4 shots)
||Pedestrians in Grafton Street, Dublin
||Exterior views of the Central Bank of Ireland, Dublin (3 shots)
||Exterior views of the Ulster Bank Group, Dublin (3 shots)
||Exterior views of the JPMorgan Chase & Co Bank, Dublin (2 shots)
||Exterior views of the Banka Slovenije, Ljubljana (2 shots)
||Exterior views of the New York Stock Exchange, New York (2 shots)
||Exterior views of the World Financial Center: Dow Jones building, New York (2 shots)
||Exterior view of the Standard & Poor's, New York
||Interior view of the Mount Washington Hotel (Gold Room), where the Bretton Woods agreement was signed in July 1944, New Hampshire