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The EFSF shareholders are the euro area Members (excluding Latvia, Lithuania and Croatia, which joined when the permanent support mechanism ESM was already in place). The infographic below shows the number of shares and subscription amounts for each shareholder.

The external auditor examines the ESM Financial Statements in accordance with generally accepted auditing standards. As defined in the ESM Treaty, the external auditor has the power to examine all books and accounts of the ESM and obtains all information about its transactions. The audit findings in relation to the ESM Financial Statements are reflected in the external auditor’s report on the Financial Statements as contained in the ESM Annual Report. The work of the external auditor is monitored and reviewed by the Board of Auditors.

The Internal Audit function is an independent and objective assurance function, reporting directly to the ESM Managing Director. It is designed to add value and improve the ESM's operations. It assists the ESM by bringing a systematic and disciplined approach to evaluating and improving the ESM’s risk management, internal control and governance processes.

The ESM internal control framework is embedded in the ESM’s daily operations and reflects the nature, complexity and risks inherent in ESM activities. The ESM internal controls are aligned with the principles of the Basel Committee’s Framework for Internal Control Systems in Banking Organisations[1].

The Budget Review and Compensation Committee (BCC) is a permanent committee of the Board of Directors advising the Board of Directors on matters of staff compensation, including the framework and principles compensation structures, the total annual salary mass, and the evolution of the salary band boundaries.

On 20 June 2024, the ESM Board of Governors will hold its Annual Meeting. Among other things, the Governors are expected to approve the 2023 ESM Annual Report, including the annual accounts. The Annual Report includes a description of the policies and activities of the ESM; the ESM Financial Statements; the external auditor's report, and the Board of Auditors' report in respect of the ESM Financial Statements.

Luxembourg 23 May 2016 – The European Financial Stability Facility (EFSF) on Monday raised €5 billion in a dual-tranche transaction, issuing a new 10-year and a new 31-year bond.

“The EFSF fulfilled its entire funding needs for the second quarter with today’s dual-tranche transaction. In reaction to investor feedback, we decided to offer two new liquid benchmarks bonds. Both trades received very strong demand, and we decided to raise the entire amount of the EFSF’s second quarter funding needs in this transaction,” said Siegfried Ruhl, EFSF Head of Funding.

The ESM’s mission is to provide financial assistance to euro area countries experiencing or threatened by severe financing problems. This assistance is granted only if it is proven necessary to safeguard the financial stability of the euro area as a whole and of ESM Members.