Trichet: ESRB to review counter-cyclical capital buffers
Jean-Claude Trichet, the president of the European Central Bank (ECB), on Friday said the European Systemic Risk Board (ESRB) would review the use of counter-cyclical capital buffers for macroprudential supervision.
At the European Banking Congress in Frankfurt, Trichet said: "One of the first tasks of the ESRB could be to review existing instruments and those that are being created at the global and the European levels. More generally, micro-prudential instruments that are well known in the
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