Regulatory Glossary

This glossary contains terms and abbreviations in the field of regulatory reporting. It should help you to get a quick and general overview of the respective terms.

EBA European Banking Authority

The European Banking Authority (EBA) is an agency of the European Union based in London. It resulted from the Committee of European Banking Supervisors (CEBS) in 2011. Its main task is the development of European supervisory standards. Together with the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA) the EBA is a main part of the European System of Financial Supervision (ESFS).

Link to the EBA's website

ECB European Central Bank

The European Central Bank (ECB) is the central bank of the European Union. Its two most important tasks are price stability and a balanced economic development. Part of its basic tasks are the determination and implementation of the monetary policy, the conduct of foreign exchange operations, the managing of the official currency reserves of the member states as well as providing money for the economy.

Link to the ECB's website

ECL Expected Credit Loss

The assessment of the Expected Credit Loss (ECL) is based on historical data. Therefore data such as credit rating, maturity and guarantees are included, so the total risk of a credit portfolio is calculable. The ECL will be implemented into a new accounting standard and therefore will become part of the supervisory instruments.

Link to the legal text

EDIS European Deposit Insurance Scheme

The European Deposit Insurance Scheme (EDIS) ensures for each citizen, that pursuant to the directive 2009/14/EG, up to 100,000 EUR of their deposits are secured since December 31, 2010. This should prevent panic withdrawals, which would have massive economic consequences.

Together with the Single Resolution Mechanism (SRM) and the Single Supervisory Mechanism (SSM) the EDIS forms the cornerstones of the European Banking Union.

Link to the EC's website

EIOPA European Insurance and Occupational Pensions Authority

The European Insurance and Occupational Pensions Authority (EIOPA) is based in Frankfurt. Its main tasks are the audit and financial control of insurers. Together with the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) the EIOPA is a main part of the European System of Financial Supervision (ESFS).

Link to the EIOPA's website

EM Emissionsstatistik (Securities Issues Statistics)

The Securities Issues Statistics (German: Emissionsstatistik; EM) are a survey of distribution, circulation and repayment of bonds, which are granted by domestic banks and by the Deutsche Bundesbank. They are calculated at the end of each month.

EMIR European Market Infrastructure Regulation

The European Market Infrastructure Regulation (EMIR) is a European Regulation on reporting OTC (over-the-counter) derivative contracts to trade repositories and clearing standardized OTC-derivative contracts through Central Counterparties (CCPs). EMIR also provides a framework for authorization and supervision of CCPs under the responsibility of the National Competent Authorities (NCAs) of the Member States, as well as registration (or recognition) and supervision of trade repositories through the European Securities and Markets Authority (ESMA).

Link to the EC's website

ERF European Reporting Framework

The European Reporting Framework (ERF) is a strategic long-term project of the European System of Central Banks (ESCB). At the moment financial institutions have to submit a wide range of reports. These partially lead to redundancies. In the future all data necessary for statistical purposes and the banking supervision should comply with the reporting requirements by an uniform approach: the European Reporting Framework.

Link to the ECB's website

ESEF European Single Electronic Format

As of January 1, 2020 the European Single Electronic Format (ESEF) is the applied standard for annual reports of issuers traded at the European markets. The consultation paper concerning this was published by the European Securities and Markets Authority (ESMA) on September 25, 2015.

Link to the ESMA's website

ESFS European System of Financial Supervision

The European System of Financial Supervision (ESFS) is a system of different authorities and surveillances. Its three most important elements are the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the European Insurance and Occupational Pensions Authority (EIOPA).

Link to the ESFS' website

ESMA European Securities and Markets Authority

The European Securities and Markets Authority (ESMA) is based in Paris. It is the successor agency of the Committee of European Securities Regulators (CESR). Its most important tasks are the admission of rating agencies and the control of the derivatives trading. Together with the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA) the ESMA is a main part of the European System of Financial Supervision (ESFS).

Link to the ESMA's website

ESRB European Systemic Risk Board

Since January 1, 2011 the European Systemic Risk Board (ESRB) has been part of the European System of Financial Supervision (ESFS). As a EU committee it is located at the European Central Bank (ECB) in Frankfurt. The main tasks of the ESRB are the prevention, screening and combating of system risks in the financial markets.

Link to the ESRB's website

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