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SystemicRiskReferences6
| Reference | Title | Link |
| ESRB (2013) | Recommendation of the ESRB of 4 April 2013 on intermediate objectives and instruments of macro-prudential policy (ESRB/2013/1) | here |
Recital (1)
"Financial stability is a precondition for the financial system to provide credit, supporting sustainable economic growth. The financial crisis has clearly revealed the need for macro-prudential oversight that mitigates and prevents systemic risk in the financial system. The objective of this Recommendation is to take a necessary next step towards an operational macro-prudential oversight." |
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