ESRB open to revising macro-prudential intermediate objectives
European Systemic Risk Board sees scope for ‘sharpening’ existing aims
The European Systemic Risk Board (ESRB) could revise its set of five intermediate objectives for macro-prudential policy, it said on June 25 – while potentially adding some new ones as well.
Reviewing macro-prudential policy in the European Union in 2014, the ESRB found 104 measures were taken, around half of which it classed as "economically substantial".
Of these substantive measures, around 80% were aimed at preventing and mitigating excessive credit growth and leverage, which the ESRB
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