Regulatory Alerts2021-08-06
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Decision of the European Systemic Risk Board of 6 August 2021 amending Decision ESRB/2015/4 on macroprudential policy coordination
The European Systemic Risk Board amends Decision ESRB/2015/4 to align its coordination framework with recent EU legislative changes, specifically Regulation (EU) 2019/876 and Directive (EU) 2019/878. The revised rules update the definitions of opinions and recommendations, refine the procedures for notifying national macroprudential measures, and establish strict timelines for the Assessment Team and General Board to draft and decide on these measures. Additionally, the decision restructures the composition of the Assessment Team to reflect institutional changes within the banking union and introduces conflict-of-interest safeguards for its members.
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