Risk Europe: Roles of ESRB and ECB could conflict, says Belgium's Reynders
Europe's new systemic risk watchdog could clash with the ECB - but the ESRB's powers may need to be expanded, says Belgian finance minister, Didier Reynders
The European Systemic Risk Board (ESRB), established in December as part of the overhaul of financial supervision in the European Union (EU), may need to be given more power in the years ahead - but the new body is already raising hackles at the European Central Bank (ECB), according to Didier Reynders, the Belgian deputy prime minister and minister of finance, speaking at the Risk Europe conference in Brussels this morning.
"Financial stability objectives can conflict with a central bank's main
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