The European Systemic Risk Board (ESRB) is mandated under the Regulation establishing it, to collect and analyse information for the macro-prudential oversight of the financial system within the EU, in order to contribute to the prevention or mitigation of systemic risks to the EU’s financial stability arising from developments within the financial system. Under the same Regulation, the European Supervisory Authorities (ESAs), the European System of Central Banks, the European Commission, national supervisory authorities and national statistics authorities have to cooperate closely with the ESRB and provide it with all the information necessary for the fulfilment of its tasks.
There has now been published in the Official Journal of the EU a Decision of the ESRB on the provision and collection of information for the macro-prudential oversight of the financial system within the EU.
The Decision sets out requirements concerning:
- the regular provision of aggregated information by the European Central Bank and by the ESAs; and
- ad hoc provisions of aggregated information.
The Decision entered into force on 21 July 2015.
View Decision of the European Systemic Risk Board of 21 July 2015 on the provision and collection of information for the macroprudential oversight of the financial system within the Union and repealing Decision ESRB/2011/6, 27 November 2015