Macro-prudential financial oversight & European Systemic Risk Board

This procedure establishes a European Systemic Risk Board (ESRB) to oversee the financial system and prevent systemic risks. It aims to enhance financial stability across the EU by identifying potential threats and coordinating responses.

The ESRB will monitor financial markets and institutions, issuing warnings and recommendations. This affects financial sector participants, national authorities, and ultimately, citizens by safeguarding the economy from financial crises.