European Union; Publication of Financial Sector Assessment Program Documentationâ€”Technical Note on Macroprudential Oversight and the Role of the ESRB

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.

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Year of publication:	2013-03-15
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Financial Sector Assessment Program \| European Union \| Financial systems \| Financial institutions \| Macroprudential Policy \| European Economic and Monetary Union \| Europe \| financial stability \| regulation \| financial system \| financial sector \| risk analysis \| financial markets \| institutional constraints \| legislation \| money market funds \| money market \| institutional framework \| financial regulation \| legislative proposals \| financial intermediaries \| regulations \| board members \| board meeting \| rules \| deposit insurance \| bonds \| sovereign bonds \| reserve requirements \| council regulation \| financial corporations \| regulatory reforms \| financial cycles \| board meetings \| binding constraint \| asset markets \| financial instruments \| decision-making process \| draft regulation

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 13/70 2 pages long
Source:	RePEc - Research Papers in Economics

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