Home Glossary European Systemic Risk Board : Insurance Glossary

European Systemic Risk Board : Insurance Glossary

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The ESRB will be responsible for macro-prudential oversight of the EU’s financial system to prevent or lessen systemic risks, avoid situations of widespread financial distress, and ensure that the financial sector contributes to the development of the real economy and to growth.  Its objectives will be to tackle the fragmentation problem due to nationally based risk analysis, improve early warning mechanisms and translate risk assessments into action by the competent authorities.

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