Arbeitspapier

The ECB's role in financial supervision

The European Council's decisions to implement the De Larosiere recommendations for a reformed approach to micro-level financial supervision and a new European Systemic Risk Board (ESRB) are to be welcomed. The ECB's central role in the ESRB is also to be welcomed. However, the limited role envisaged for the ESRB means that it may not actually help much in preventing future crises. The ESRB should be given a central role in the implementation of counter-cyclical capital ratios and in promoting (and then overseeing implementation of) other changes such as maximum leverage ratios and limits on non-core funding.

Language
Englisch

Bibliographic citation
Series: UCD Centre for Economic Research Working Paper Series ; No. WP09/15

Classification
Wirtschaft

Event
Geistige Schöpfung
(who)
Whelan, Karl
Event
Veröffentlichung
(who)
University College Dublin, UCD School of Economics
(where)
Dublin
(when)
2009

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Whelan, Karl
  • University College Dublin, UCD School of Economics

Time of origin

  • 2009

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