1. Bank regulation -
1.1 PRUDENTIAL REGULATION -
a) General
(i) EU -
ESRB: Speech on old and new frontiers of the ESRB: Systemic risk, non-banks and data analysis -
Status: Final -
The ESRB has published a speech by Olli Rehn, ESRB First Vice-Chair, on new frontiers in macroprudential policy. In the speech, Mr Rehn addressed three issues: (i) the ESRB’s 15-year record; (ii) key starting points for the forthcoming ESRB review; and (iii) new frontiers, especially dealing with non-banks and better use of data and analysis. Regarding the EC’s upcoming review of the ESRB, Mr Rehn explains that the ESRB will not take a formal position on its founding regulation, although it does believe it is important that co-legislators have the opportunity to benefit from the experience of those involved in the work of the ESRB. As such the ESRB has set up a High Level Group to identify which adjustments to the mission or framework of the ESRB might be required and provide its insights to the EU co-legislators before the review process.
Please see full publication below for more information.
