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European Union : Publication of Financial Sector Assessment Program Documentation—Technical Note on Macroprudential Oversight and the Role of the ESRB.
- Format:
- Book
- Government document
- Author/Creator:
- International Monetary Fund. Monetary and Capital Markets Department.
- Series:
- IMF Staff Country Reports; Country Report ; No. 2013/070
- IMF Staff Country Reports
- Language:
- English
- Subjects (All):
- International finance--Law and legislation--European Union countries.
- International finance.
- Financial institutions, International--Law and legislation.
- Financial institutions, International.
- Physical Description:
- 1 online resource (28 p.)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2013.
- Language Note:
- English
- Summary:
- This article reviews the European Systematic Risk Board (ESRB), its role, approach, outputs, and effects in the European Union. The ESRB is the reason for macroprudential oversight of financial systems. Macroprudential policy is used to identify and reduce financial risks and limit financial imbalances. This policy is for both upturns and downturns of economic cycles. The role of the ESRB should be further enhanced to cover the entire financial system and institutions.
- Contents:
- Cover; Contents; Glossary; Executive Summary; I. Introduction; II. A Review of the ESRB; A. The Role of the ESRB: Mandate, Tasks, and Organization; B. Approach of the ESRB to Monitoring and Assessing Systemic Risk; Figures; 1. Organizational Structure of the ESRB; C. Main Outputs of the ESRB; D. Were the Various Instruments of the ESRB Effective and the Framework Credible?; E. Should the ESRB Play a Role in Crisis Management?; III. Macroprudential Tool-Box for EU Countries; A. Proposal for the Minimum Set of Macroprudential Instruments; 2. Capital Adequacy through the Cycle in Sweden
- IV. Effective Macroprudential Oversight for the EUA. Role of the ESRB; B. Interaction with other EU Bodies and the SSM; V. Recommendation and Conclusions; Boxes; 1. Lessons from Macroprudential Policies in Emerging Europe; 2. Effectiveness of Macroprudential Instruments in Advanced EU Countries and Lessons from Euro Area Bank Lending Standards
- Notes:
- Description based upon print version of record.
- Description based on print version record.
- ISBN:
- 9781475561456
- 1475561458
- 9781475590685
- 1475590687
- 9781299461970
- 1299461972
- 9781475573770
- 1475573774
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