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Forum Member
 
Group: Moderators
Last Login: 07/12/2009 17:05:48
Posts: 44,
Visits: 165
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The new legislation will create a new European Systemic Risk Board (ESRB) to detect risks to the financial system as a whole with a critical function to issue early risk warnings to be rapidly acted on.
The aims of the ESRB will be
- to sustainably reinforce financial stability throughout the EU;
- to ensure that the same basic technical rules are applied and enforced consistently;
- to identify risks in the system at an early stage;
- and to be able to act together far more effectively in emergency situations and in resolving disagreements among supervisors.
More information can be found here
The legislation now needs to be passed by in the Council of the European Union. Will you be happy for the Irish government to vote this through?
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www.talktoeu.ie
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