GLOSSARY

On ESEC’s website we use a number of abbreviations and acronyms. The full term is normally used at the beginning of the article, but we have gathered a list of the most commonly used acronyms here for your ease of reference.

AII Alternative Instrument Identifier
AIFMD Alternative Investment Fund Managers Directive
AMLTF Anti-Money Laundering Task Force
AUMAssets Under Management
ARCAccounting Regulatory Committee
AuRC Auditing Regulatory Committee
CCP Central Counterparty Clearing
CEMA Standing Committee for Market and Economic Analysis
CEREP Central Ratings Repository
CDSCredit Default Swaps
CDO Collateralized Debt Obligations
CFTCCommodity Futures Trading Commission
CommissionEuropean Commission
CPSSCommittee on Payment and Settlement Systems
CRAsCredit Rating Agencies
CRDCapital Requirements Directive
CSDCentral Securities Depositories
EBAEuropean Banking Authority
ECB European Central Bank
ECONEconomic and Monetary Affairs Committee of the European Parliament
EEAEuropean Economic Area
EECSEuropean Enforcers’ Co-ordination Sessions
EFCEconomic and Financial Committee
EFRAGEuropean Financial Reporting Advisory Group
EIOPAEuropean Insurance and Occupational Pensions Authority
EMIREuropean Market Infrastructure Regulation
EPEuropean Parliament
ESRBEuropean Systemic Risk Board
EUEuropean Union
ESAsEuropean Supervisory Authorities
ESCEuropean Securities Committee
ESCBEuropean System of Central Banks
ESFSEuropean System of Financial Supervision
ESECEuropean Securities and Exchange Commission
FASBFinancial Accounting Standards Board
FCD / FICODFinancial Conglomerates Directive
FSB Financial Stability Board
FSCFinancial Services Committee
FSTFinancial Stability Table
GAAPGenerally Accepted Accounting Principles
IAImpact Assessment
IAASB International Auditing and Assurance Standards Board
IASBInternational Accounting Standards Board
IFRS International Financial Reporting Standards
IFRS ICInternational Financial Reporting Standards Interpretations Committee
IOSCOInternational Organisation of Securities Commissions
IPOInitial Public Offering
ITInformation Technology
M&AMergers and Acquisitions
MADMarket Abuse Directive
MiFIDMarkets in Financial Instruments Directive
MoU Memorandum of Understanding
MTFMultilateral Trading Facility
NCAsNational Competent Authorities
OAMOfficially Appointed National Mechanism
OFCNon-cooperative Jurisdictions
OTCOver-The-Counter
Q&AQuestions and Answers
SECSecurities and Exchange Commission
SLD Securities Law Directive
SMSGSecurities Markets Stakeholder Group
SSMSingle Supervisory Mechanism
TDTransparency Directive
TODTakeover Bids Directive
TREMTransaction Reporting Exchange Mechanism
UCITSUndertakings for Collective Investment in Transferable Securities (Directive)
USUnited States
XBRLExtensible Business Reporting Language