jargo

The financial world is plagued by jargon and terms seemingly designed to confuse. This Jargon Buster aims to explain some of them. I am regularly updating this section with new explanations of jargon, so the next time you run across a word or term that bamboozles you please check back and see if I’ve covered it yet. You’re also welcome to e-mail me with new terms that you think merit a place in Jargon Buster.

Freshly busted financial jargon:

ESRB: European Systemic Risk Board - the independent European Union supervisory body responsible for overseeing the financial system within the EU. It came into being in December 2010 in response to the global financial crisis.

ESMA: European Securities and Markets Authority - a European securities industry regulatory body that, on 1st January 2011 replaced CESR - Committee of European Securities Regulators.

CESR: Committee of European Securities Regulators - a European securities industry regulatory body that, on 1st January 2011 was replaced by ESMA - European Securities and Markets Authority.

EBA: European Banking Authority - a European banking industry regulatory body that on 1st January 2011 replaced CEBS - Committee of European Banking Supervisors.

CEBS: Committee of European Banking Supervisors - a European banking industry regulatory body that on 1st January 2011 was replaced by the EBA - European Banking Authority.

CEIPOS: Committee of European Insurance and Occupational Pensions Supervisors - a European regulatory body for the insurance and occupational pension industry which, on 1st January 2011, was replaced by EIOPA - European Insurance and Occupational Pensions Authority

EIOPA: European Insurance and Occupational Pensions Authority - a European regulatory body for the insurance and occupational pension industry which came into being on 1st January 2011. It replaced CEIPOS, Committee of European Insurance and Occupational Pensions Supervisors.

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