ECB tasks regarding European Systemic Risk Board functioning

This procedure defines the specific tasks and support provided by the European Central Bank (ECB) to ensure the European Systemic Risk Board (ESRB) can effectively monitor and prevent systemic risks to the financial system. It clarifies the operational relationship between the central bank and the risk board.

This affects the governance of EU financial supervision. It ensures that the ESRB has the necessary technical and administrative resources from the ECB to identify threats to financial stability.