The ECB’s role in financial supervision

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Title: The ECB’s role in financial supervision
Authors: Whelan, Karl
Permanent link: http://hdl.handle.net/10197/2613
Date: Oct-2009
Abstract: The European Council’s decisions to implement the De Larosiere recommendations for a reformed approach to micro-level financial supervision and a new European Systemic Risk Board (ESRB) are to be welcomed. The ECB’s central role in the ESRB is also to be welcomed. However, the limited role envisaged for the ESRB means that it may not actually help much in preventing future crises. The ESRB should be given a central role in the implementation of counter-cyclical capital ratios and in promoting (and then overseeing implementation of) other changes such as maximum leverage ratios and limits on non-core funding.
Funding Details: Not applicable
Type of material: Working Paper
Publisher: University College Dublin. School of Economics
Series/Report no.: UCD Centre for Economic Research Working Paper Series; WP 09 15
Subject LCSH: European Central Bank
Financial institutions--Law and legislation--Europe
Other versions: http://www.ucd.ie/t4cms/wp09.15.pdf
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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