ESRB fine-tunes macro-prudential toolkit
The ESRB slims down its proposed macro-prudential principals to focus on 15 key macro-prudential levers
The European Systemic Risk Board (ESRB) has narrowed down a menu of macro-prudential tools, which it hopes will act as a guide for national regulators in the European Union (EU). The group - responsible for overseeing risks to financial stability within Europe - has cut its list of possible macro-prudential tools from 42 at the end of 2011 to just 15.
"For the moment, all we are trying to do is identify the best tools to use and leave it up to national authorities to decide when and how to use
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