What does ESRB mean in European?
This page is about the meanings of the acronym/abbreviation/shorthand ESRB in the Regional field in general and in the European terminology in particular.
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Definition
What does ESRB mean?
- European Systemic Risk Board
- The European Systemic Risk Board (ESRB) was established on 16 December 2010 in response to the ongoing financial crisis. It is tasked with the macro-prudential oversight of the financial system within the European Union in order to contribute to the prevention or mitigation of systemic risks to financial stability in the EU. It shall contribute to the smooth functioning of the internal market and thereby ensure a sustainable contribution of the financial sector to economic growth. The ESRB is an independent body of the EU and it is part of the European System of Financial Supervision (ESFS), the purpose of which is to ensure the supervision of the EU's financial system. The ESRB is hosted and supported by the European Central Bank. It includes representatives from the ECB, national central banks and supervisory authorities of EU member states, and the European Commission.
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"ESRB." Abbreviations.com. STANDS4 LLC, 2024. Web. 21 May 2024. <https://www.abbreviations.com/term/1563013>.
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