European Systemic Risk Board (ESRB)
ESRB encourages cooperation to fight market deterioration
European Systemic Risk Board sets out areas authorities must focus on; Ewald Nowotny announced as newest steering committee member
Canada behind macro-prudential curve, say former Bank governors
Paul Jenkins and Gordon Thiessen want responsibility for macro-prudential policy formally assigned in Canada; also urge creation of a framework in which to carry out these functions
Central banks well placed to deliver on macro-prudential policy, says ECB’s Constâncio
ECB vice-president outlines macro-prudential roles for European central banks
ESRB assesses systemic risks to EU financial system
European Systemic Risk Board analyses key systemic risks to financial system in the EU; uncertainties surrounding sovereign debt and pressures on bank funding among top issues
ECB compromise on Basel III adjustments gets mixed response
An ECB proposal for the European Systemic Risk Board to have oversight on whether European regulators can adjust Basel III for macro-prudential purposes gets a mixed response from central bankers
European banks still exposed to US dollar funding risks, ESRB warns
European Systemic Risk Board issues recommendations to prevent build up in US dollar funding and liquidity risk; calls for single entity to be responsible for national macro-prudential policy
ESRB urges swift implementation of emergency measures
European Systemic Risk Board sends strong message to European heads of state to fulfil terms of eurozone agreements; new appointments to board’s Advisory Scientific Committee
ESRB publishes foreign currency lending recommendations
European Systemic Risk Board releases recommendations on lending in foreign currencies; new measures addressed to member states, national supervisory authorities and European Banking Authority
Risk Europe: Tension between the ESRB and ECB, says Belgium's Reynders
Europe's new systemic risk watchdog is already clashing with the ECB - but the ESRB's powers may need to be expanded, says Belgian finance minister, Didier Reynders
Buba’s Weber on central banks' stability mandate
Bundesbank president Axel Weber says central banks will continue to play prominent role in new regulatory and supervisory framework
ESRB discusses regulatory division of labour; names external experts
European Systemic Risk Board’s second meeting covers how regulatory responsibilities will be split; Balcerowicz, Brunnermeier and Wyplosz among external experts
EBA’s stress test scenarios revealed: reports
Leaked documents set out scenarios for new round of European bank stress tests
Trichet on ESRB mandate
European Central Bank president Jean-Claude Trichet outlines vision for European Systemic Risk Board
ESRB elects sub-committee heads
European Systemic Risk Board elects Poland’s Marek Belka, Italy’s Mario Draghi, Cyprus’ Athanasios Orphanides, Germany’s Axel Weber, to steering committee
CentralBanking.com’s top ten stories of 2010
Regulatory change features heavily
King named vice chair of European Systemic Risk Board
Bank of England governor Mervyn King named Trichet’s deputy on ESRB
Trichet: ESRB to review counter-cyclical capital buffers
European Central Bank president Jean-Claude Trichet says counter-cyclical capital buffers a good starting point for European Systemic Risk Board
Fed’s Yellen: macroprudential policy must balance rules and discretion
Federal Reserve vice chair Janet Yellen says macroprudential supervisors should be guided by fixed rules, but have discretionary capacity to surprise firms
ESRB big leap for Europe: Trichet
European Central Bank president Jean-Claude Trichet says launch of European Systemic Risk Board indicates significant progress in regulatory architecture
Australia adds financial stability to monetary policy mandate
Australian government amends Reserve Bank of Australia’s monetary policy remit to include financial stability
CNB creates stability wing in bid to beef up systemic oversight
Czech National Bank separates financial stability and economic research department; says independent department move will enhance financial stability mandate
Look to markets for head supervisors: De Larosière
Jacques de Larosière says heads of new European Supervisory Authorities should think like market participants and have their respect
Central bankers, politicians splinter on reach of ESRB
Weber, Constâncio specify limits of European Systemic Risk Board's authority over national regulators; politicians advocate one unified European stand
ECB’s Tumpel-Gugerell outlines challenges for ESRB
ECB executive board member Gertrude Tumpel-Gugerell says European Systemic Risk Board must overcome limitations to measuring systemic risk