European Union: Publication of Financial Sector Assessment Program Documentation—Technical Note on Macroprudential Oversight and the Role of the ESRB
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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. 2013/070
Subject:
Financial sector policy and analysis Financial sector stability Macroprudential policy Macroprudential policy instruments Systemic risk Systemic risk assessment
English
Publication Date:
March 15, 2013
ISBN/ISSN:
9781475591156/1934-7685
Stock No:
1EUREA2013006
Pages:
27
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