2011-12-22

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Recommendation of the European Systemic Risk Board on the macro-prudential mandate of national authorities

Member States are recommended to establish national macro-prudential mandates by designating a specific authority, generally the central bank, to identify and mitigate systemic risks. This authority must be granted operational independence, clear powers to access data and instruments, and accountability to national parliaments. Member States must enact these measures in national legislation and submit interim reports by 30 June 2012 and final reports by 30 June 2013, with recommended measures in force by 1 July 2013.

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Show all related documents (20)
Issued under
EU Regulation No. 1092 dated 2010-11-24not in RegAlert
Referred to by
Recommendation of the European Systemic Risk Board on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2015/2)2026Recommendation of the European Systemic Risk Board on vulnerabilities in the commercial real estate sector in the European Economic Area2022Recommendation on a pan-European systemic cyber incident coordination framework for relevant authorities2021Recommendation on restriction of distributions during the COVID-19 pandemic (ESRB/2020/7)2021Recommendation of the European Systemic Risk Board on identifying legal entities2020Recommendation on monitoring financial stability implications of debt moratoria and public guarantee schemes in response to the COVID-19 pandemic2020
+13 moreRecommendation on restriction of distributions during the COVID-19 pandemic2020Recommendation on exchange and collection of information for macroprudential purposes on branches of credit institutions2019Recommendation of the European Systemic Risk Board on closing real estate data gaps (ESRB/2016/14)2019Recommendation of the European Systemic Risk Board on medium-term vulnerabilities in the residential real estate sector in Denmark2019Recommendation of the European Systemic Risk Board on medium-term vulnerabilities in the residential real estate sector in Finland2019Recommendation of the European Systemic Risk Board on medium-term vulnerabilities in the residential real estate sector in Luxembourg2019Recommendation of the European Systemic Risk Board on medium-term vulnerabilities in the residential real estate sector in Sweden2019Recommendation of the European Systemic Risk Board on medium-term vulnerabilities in the residential real estate sector in the Netherlands2019Recommendation on medium-term vulnerabilities in the residential real estate sector in Belgium2019Recommendation of the European Systemic Risk Board on closing real estate data gaps2016Recommendation on the assessment of cross-border effects and voluntary reciprocity for macroprudential policy measures2015Decision on coordination framework for notification of national macro-prudential measures and ESRB opinions2014Recommendation on intermediate objectives and instruments of macro-prudential policy2013

Source: European Systemic Risk Board — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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