ECB largely supports Commission’s proposals for ESRB

ECB president Mario Draghi

The European Central Bank says in an official opinion, dated March 2, that it is largely in favour of proposals aimed at changing the governance of the European Systemic Risk Board, an organisation to which it is very closely linked.

The European Commission’s proposals, published on November 27, 2017, would make the ECB president the permanent head of the ESRB, which monitors systemic financial risk in the entire European Union, including non-eurozone countries. They would also strengthen the

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