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Financial stability (insurers and pension funds) [4]

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Bullet points include: Systemic risk. Largely new term coined during 2007-09 Credit Crisis (the ‘Global Financial Crisis’). Borrows from multiple disciplines and hence has multiple angles. Financial stability. The mandate given to bodies that have responsibility for mitigating systemic risk. E.g. Financial Stability Board (FSB, global), European Systemic Risk Board (ESRB, EU). C.f. financial stability departments within e.g. EIOPA, BoE, ECB, Federal Reserve, IMF. Macroprudential regulation/policy. Regulation/policy that tries to tackle systemic risk and to foster financial stability

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