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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

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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

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ESRB narrows its macro-prudential tools

The European Systemic Risk Board is about to announce a slimmed-down list of potential macro-prudential tools, but who has the power to use them is still the subject of debate. By Michael Watt

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