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Posted on April 15th, 2012
On 2 April 2012, the European Systemic Risk Board (ESRB) published a letter aimed at helping EU legislators to further develop the legal basis, within the current proposals for the Capital Requirements Directive and Regulation (CRD/CRR), for policies to address future threats to financial stability in the European Union. The ESRB supports [...] Posted on April 3rd, 2012
Macro-prudential policy is an integral ingredient of any policy framework to address the stability of the financial system as a whole. The practical implementation of macro-prudential policy requires a clear institutional framework with adequate flexibility – both at the European Union and national levels. A strong macro-prudential mandate is necessary to give authorities [...] Posted on March 4th, 2012
The establishment of the ESRB was part of the European response to the financial crisis. A year into its existence, this first edition of the ESRB’s Macro-prudential commentaries describes the main tasks of the ESRB, its institutional set-up, the processes underlying its work and decisions, and the work carried out so far. A [...] Posted on January 24th, 2012
The European Systemic Risk Board (ESRB) has published a new recommendation on US dollar-denominated funding of banks addressed to the national supervisory authorities of the EU Member States (Document reference: ESRB/2011/2). The US dollar funding markets are of significant importance to EU banks. In the periods 2007-08 and 2010-11, EU banks funding [...] Posted on October 18th, 2011
Lending in foreign currencies to the non-financial private sector entails potential systemic risks to the countries where this practice prevails, as well as a risk of possible contagion to other countries. To alleviate these risks, the ESRB has produced a set of policy recommendations, addressed to the competent authorities. Source: ESRB 2 pages
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