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ECB Supervisory Board
The Supervisory Board of the European Central Bank or ECB Supervisory Board is the main operational decision-making within the European Central Bank on bank supervision matters, within the framework of European Banking Supervision. It meets twice a month to discuss, plan and carry out the ECB's supervisory tasks. It is not, however, the ultimate decision-making body, as it only prepares draft decisions for the Governing Council under a no-objection procedure. Overview The Supervisory Board is composed of a Chair, appointed for a non-renewable term of five years; a Vice Chair, chosen from among the members of the ECB's Executive Board; four members directly appointed by the ECB, known as ECB representatives; and representatives of national competent authorities. If the national supervisory authority designated by a Member State is not the country's national central bank, the representative of the competent authority can be accompanied by a representative from that national centra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elizabeth McCaul
Elizabeth McCaul is a member of the Supervisory Board of the European Central Bank. McCaul previously served as Superintendent of Banks for the State of New York, the head of the New York State Banking Department and held several senior executive positions at Promontory Financial Group, an IBM company. She founded the New York office of the strategy, risk management, and compliance consulting firm, and most recently served as global head of strategy for Promontory and interim chair of Promontory Financial Group Europe. Career McCaul began her career in 1985 as an investment banker at Goldman Sachs, where she specialized in energy and project financing. New York State Banking Department In 1995, she joined the New York State Banking Department as chief of staff to Neil D. Levin, a former Goldman Sachs colleague who had been appointed Superintendent of Banks. Ms. McCaul became Acting Superintendent in 1997 upon Levin's departure to head the New York State Department of Insurance, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Bundesbank
The Deutsche Bundesbank (), literally "German Federal Bank", is the central bank of the Federal Republic of Germany and as such part of the European System of Central Banks (ESCB). Due to its strength and former size, the Bundesbank is the most influential member of the ESCB. Both the Bundesbank and the European Central Bank (ECB) are located in Frankfurt, Germany. It is sometimes referred to as "Buba" for Bundesbank, while its usual abbreviation is BBk in Germany and internationally DBB. The Bundesbank was established in 1957 and succeeded the Bank deutscher Länder, which introduced the Deutsche Mark on 20 June 1948. Until the euro was physically introduced in 2002, the Bundesbank was the central bank of the former Deutsche Mark ("German Mark", sometimes known in English as the "Deutschmark"). The Bundesbank was the first central bank to be given full independence, leading this form of central bank to be referred to as the ''Bundesbank model'', as opposed, for instance, to th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Financial Supervisory Authority
The Federal Financial Supervisory Authority (german: Bundesanstalt für Finanzdienstleistungsaufsicht, Bundesanstalt für Finanzdienstleistungsaufsicht) better known by its abbreviation BaFin is the financial regulatory authority for Germany. It is an independent federal institution with headquarters in Bonn and Frankfurt and falls under the supervision of the Federal Ministry of Finance. BaFin supervises about 2,700 banks, 800 financial services institutions, and over 700 insurance undertakings. History Background Prudential banking supervision in Germany essentially started as a consequence of the banking crisis of 1931, prior to which the only supervised credit institutions were the public savings banks. On , a decree established the office of (), for which Chancellor Heinrich Brüning appointed . In 1934, this was transformed into the , by new comprehensive banking legislation (german: Kreditwesengesetz of ). Initially the Reichsbank was associated with the supervisory p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
French Prudential Supervision And Resolution Authority
The French Prudential Supervision and Resolution Authority (french: Autorité de contrôle prudentiel et de résolution, ACPR), formerly known as Prudential Supervision Authority (french: Autorité de contrôle prudentiel, ACP), is an independent administrative authority which exercises prudential supervision of regulated French financial firms such as banks and insurance companies. It operates under the aegis of the Bank of France. Background A number of financial supervisory authorities were created in France over the years and with various mandates. These included: * the Bank Supervisory Commission (french: Commission de contrôle des banques, CCB), established in 1941 and renamed in 1984 the (french: Commission bancaire) * the Insurance Supervisory Commission (french: Commission de contrôle des assurances, CCA) and the Mutual Insurance and Health Care Supervisory Commission (french: Commission de contrôle des mutuelles et des institutions de prévoyance, CCMIP), merged i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Finland
The Bank of Finland ( fi, Suomen Pankki, sv, Finlands Bank) is the central bank of Finland. It views itself as the fourth oldest surviving central bank in the world, after Sweden's Riksbank, the Bank of England, and the Bank of France. History The precursor of Bank of Finland, ''Waihetus-, Laina- ja Depositioni-Contori Suomen Suuren-ruhtinaanmaassa'' (The Exchange, Loan and Deposit Office of the Grand Duchy of Finland), was established on 1 March 1812 in the city of Turku by Alexander I of Russia. In 1819 it was relocated to Helsinki. Until 1840 the main purpose of the bank was to carry out currency reform to introduce Imperial ruble. The Bank created and regulated the Finnish Markka from its inauguration in 1860 until Finland adopted the euro in 1999. Mandate, ownership and organization The Bank of Finland is Finland's central bank and a member of the European System of Central Banks and of the Eurosystem. It is Finland's monetary authority, and is responsible for the countr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finnish Financial Supervisory Authority
The Finnish Financial Supervisory Authority (FIN-FSA; in Finnish: Finanssivalvonta iva in Swedish: Finansinspektionen I is the financial regulatory authority of the Finnish government, responsible for the regulation of financial markets in Finland. History The Financial Supervisory Authority (FIN-FSA) was established on 1 January 2009, following a merger of the former Financial Supervision Authority and the Insurance Supervisory Authority. FIN-FSA operates in connection with the Bank of Finland. The predecessor of the Financial Supervision Authority was the ''Banking Supervision Office'' (in Finnish: ''Rahoitustarkastuslaitos'' ata also then in Swedish: ''Finansinspektionen'' I. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Estonia
Bank of Estonia ( et, Eesti Pank) is the central bank of Estonia as well as a member of the Eurosystem organisation of euro area central banks. The Bank of Estonia also belongs to the European System of Central Banks. Until 2010, the bank issued the former Estonian currency, the kroon. The Governor of the Bank of Estonia, currently Madis Müller, is a member of the Governing Council of the European Central Bank. TALIBOR Prior to the introduction of the euro, TALIBOR or the Tallinn Interbank Offered Rate was a daily reference rate based on the interest rates at which banks offer to lend ''unsecured'' funds to other banks in the Estonian wholesale money market (or interbank market in Estonian kroons). TALIBOR was published daily by the Bank of Estonia, together with TALIBID (Tallinn Interbank Bid Rate). TALIBOR was calculated based on the quotes for different maturities provided by reference banks at about 11.00 am each business day by disregarding highest and lowest qu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Supervisory Authority (Estonia)
The Estonian Financial Supervisory Authority (FI) (Estonian: ''Finantsinspektsioon'') is the financial supervision and crisis resolution authority of the government of Estonia, responsible for the regulation of financial markets in Estonia. It works on behalf of the state of Estonia and is independent in its decision-making. The supervisory activities of Finantsinspektsioon are divided between capital supervision and the supervision of markets and services. In June 2006, Andres Palumaa was in charge when Andrey Kozlov warned him of a massive money laundering network involving two Estonian banks SEB Eesti Ühispank and Sampo Pank, corrupt FSB, and persons close to Vladimir Putin.Staff (13 November 2006)Murdered Central Russian Banker's Visit to Estonia Retrieved 22 December 2020. Raul Malmstein was Estonia's chief Financial Officer. A very large amount of money had transited accounts with funds from the Nord Stream 1 project which to finance the building of a pipeline from Vybo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Cyprus
The Central Bank of Cyprus ( el, Kεντρική Τράπεζα της Κύπρου tr, Kıbrıs Merkez Bankası), is the central bank of the Republic of Cyprus, located in Nicosia. It was established in 1963. Its current Governor is Constantinos Herodotou The bank issued Cypriot pound banknotes and coins prior to 2008, when Cyprus adopted the euro. History The Central Bank of Cyprus has its origins in the British Colonial Government of Cyprus, which established a Cyprus Currency Board in 1927. This followed on from the unilateral annexation of Cyprus by the British Empire in 1914, the Treaty of Lausanne, establishing the legality in international law of this British takeover, in 1923, and the full establishment of a colonial system of government in Cyprus, with the creation of a Legislative Council, in 1926. The role of the Chairman of the Currency Board was held by the Accountant General, also known as the Auditor General, of the Government of Cyprus. The Board could issue ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Croatian National Bank
The Croatian National Bank ( hr, Hrvatska narodna banka or HNB; ) is the central bank of the Republic of Croatia. HNB was established by the Constitution of Croatia which was passed by the Parliament of Croatia on 21 December 1990. Its main responsibilities are maintaining the stability of the national currency, the kuna, and ensuring general financial liquidity within the country. HNB also issues banknotes and holds the national monetary reserves. In performing its duties HNB acts as an independent institution responsible to the Parliament. The bank has a share capital of 2,500,000,000 Croatian kunas (c. US$ 450 million). HNB acts in accordance with ''Law on Croatian National Bank''. Foundation On 21 December 1990 the Constitution of Croatia, determined in article 53,Sabor Republike HrvatskeUstav Republike Hrvatske Narodne novine. Retrieved 2011-08-29 named the Croatian National Bank as Croatia's central bank, and declared its responsibilities: "Croatian National Bank is ce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bulgarian National Bank
The Bulgarian National Bank ( bg, Българска народна банка, Bohlgarska narodna banka, ), or BNB, is the central bank of the Republic of Bulgaria. Headquartered in Sofia, the bank was established in 1879. It is the 13th oldest central bank in the world. An independent institution responsible for issuing all banknotes and coins in the country, BNB oversees and regulates the banking sector and is tasked with safekeeping the government's currency reserves. It is also the sole owner of the Bulgarian Mint. The bank has a key role in the Bulgarian economy. Since 1 October 2007, it has been a member of the European System of Central Banks. The governor of the BNB is a member of the General Assembly of the European Central Bank. Headquarters The Bulgarian National Bank's headquarters in Sofia are located on the central Battenberg Square. The current edifice was commissioned to renowned architects Ivan Vasilyov and Dimitar Tsolov and built between 1934 and 1939 in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
