With the increased volume of cross border claims and internationally growing banking networks over the last decades and the increased perception of this development as a potential source of systemic risk and contagion effects, research initiatives formed aiming at providing insights on this matter and connecting researchers interested in this field.
The European System of Financial Supervision (ESFA) consists of three supervisory authorities: the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA), and the European Insurance and Occupational Pensions Authority (EIOPA). Those three authorities were established on 1 January 2011. They are independent European authorities and they are accountable to the Council of the European Union, the European Parliament, and the European Commission. The European Systemic Risk Board (ESRB) complements this framework.
The InterConnectedness Newsletter provides news and information on recent developments regarding the research on financial networks. It lists various events, such as meetings, workshops and conferences on the subject and presents novelties concerning the scientific community and research networks.