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
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