ESRB encourages cooperation to fight market deterioration

Map of Europe in CRN blue

The general board of the European Systemic Risk Board (ESRB) today (June 21) held its sixth regular meeting in which increasing market volatility and uncertainty were the focus.

In a statement released after the meeting, the ESRB said that since the previous board meeting in March the situation had deteriorated. "Notwithstanding mitigating factors, such as the provision of central bank liquidity and recapitalisation initiatives, systemic risk remains high," said the board.

Noting the rising

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