Autor
Fecha de publicación
30-may-2023
Descripción física
30 p.
Resumen
This article examines the evolution of the mandate and tasks of the European Central
Bank (ECB) in the field of financial stability since its establishment in 1998. Over this
period, the significance of the ECB’s financial stability function has increased
markedly, in parallel with the growth of macroprudential policy and driven by the
institutional reforms stemming from the creation of the European Systemic Risk
Board in 2010 and the start of the Single Supervisory Mechanism (SSM) in 2014. To
carry out its tasks, the ECB has a Financial Stability Committee, which is made up of
representatives of the central banks and banking supervisory authorities of the SSM
area – including the Banco de España – , that acts as an internal forum for the ECB’s
governing bodies to prepare issues relating to the analysis of risks and vulnerabilities
and national macroprudential policies in the banking union. Lastly, an overview is
provided of the main ECB publications and public interventions in this field.
Notas
Artículo de revista
Publicado en
Financial Stability Review / Banco de España, 44 (Spring 2023), p. 139-168
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