Going Forward: Regulation and Supervision after the Financial Turmoil
14 Pages Posted: 23 Jun 2009
Date Written: June 2009
Abstract
Today, the European Council is expected to endorse significant changes to the institutional set-up for financial supervision and regulation in the European Union. Undoubtedly these are important reforms, particularly - but not only - against the background of the financial crisis that started in August 2007. While the ECB has an interest in all these reforms, in particular on the macro-prudential side, namely the establishment of the European Systemic Risk Board (ESRB).
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