European Union : Publication of Financial Sector Assessment Program Documentation—Technical Note on Macroprudential Oversight and the Role of the ESRB

Publication Date: March 15, 2013
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Summary: This article reviews the European Systematic Risk Board (ESRB), its role, approach, outputs, and effects in the European Union. The ESRB is the reason for macroprudential oversight of financial systems. Macroprudential policy is used to identify and reduce financial risks and limit financial imbalances. This policy is for both upturns and downturns of economic cycles. The role of the ESRB should be further enhanced to cover the entire financial system and institutions.
Series: Country Report No. 13/70
Subject(s): Financial Sector Assessment Program | European Union | Financial systems | Financial institutions | Macroprudential Policy | European Economic and Monetary Union | Europe

Publication Date: March 15, 2013
ISBN/ISSN: 9781475591156/1934-7685 Format: Paper
Stock No: 1EUREA2013006 Pages: 27
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