The European Union has established three supervisory authorities (ESAs) in the financial sector: the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the European Insurance and Occupational Pensions Authority (EIOPA) as well as a macroprudential supervisor, the European Systemic Risk Board (ESRB). Together they form the European System of Financial Supervision (ESFS) which was most recently revised in 2019. The three supervisory authorities play an important role in ensuring supervisory convergence – through the drafting of guidelines and Q&As – and support the legislators in preparing regulatory technical standards for EU legislation.
Being responsible for asset management issues, including the AIFMD, ESMA is the most important supervisory authority for Invest Europe members. Over the past few years, ESMA has produced guidance on topics including leverage, remuneration, outsourcing and delegation (in the context of Brexit). It has also played a role in ensuring that member states do not impose undue host fees and charges on fund managers. EBA and EIOPA also act as supervisors of banks, insurers and pension funds, all important investors in private equity.
Public Affairs Director
Senior Public Affairs Manager
Public Affairs Officer
Sofia Garrido Perez
Public Affairs Officer
Public Affairs Manager
Most PCs automatically accept them but you can change your browser settings to restrict, block or delete cookies if you want. Each browser is different, so check the 'Help' menu of your particular browser (or your mobile phone's handset manual) to learn how to change your cookie preferences. Many browsers have universal privacy settings for you to choose from.
Cookie settings in most versions of Internet Explorer can be found by clicking the tools option and then the privacy tab.
Cookie settings in Firefox are managed in the Options window's Privacy panel. See Options window - Privacy Panel for information on these settings.
Click on the spanner icon on the toolbar, select settings, click the under the bonnet tab, click on content settings in the privacy section.
You can manage cookies in Opera if you Click on settings, then Preferences, then Advanced and finally Cookies
Choose Safari, then preferences and then click security. You should then be able to specify if and when Safari should accept cookies.
To manage cookies on your mobile phone please consult your manual or handbook.
If you decline cookies, some aspects of Invest Europe site may not work on your computer or mobile phone and you may not be able to access areas you want on the website. For this reason we recommend that you accept cookies.
If you delete all your cookies you will have to update your preferences with us again and some aspects of our site may not work.
If you use a different device, computer profile or browser you will have to tell us your preferences again.
If you'd like to learn more about cookies in general and how to manage them, visit aboutcookies.org.
We can't be responsible for the content of external websites.Opt-out of cookies