Europe's regulators turn financial stability scrutiny inward

LONDON & AMSTERDAM - Regulators are applying the systemic risk lessons of the financial crisis by reforming their own internal structures to better address macro-prudential supervision and allow for better reporting of systemic risks. The good house-keeping drive is being fuelled by developments at EU level, as the European Commission adopts recommendations for a European Systemic Risk Council (ESRC), which would give every central bank and regulator in the EU a seat at the table.

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