Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-934"
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"en.20100922.20.3-934"2
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"I have called for the European Systemic Risk Board (ESRB) to have increased powers in order to ensure rapid, clear communication. The ESRB will create a common set of indicators to make it possible to categorise on a standard basis the risks of the various cross-border financial institutions and identify the type of risks they may present. The ESRB will also devise a ‘traffic light’ system to reflect the various degrees of risk. The Advisory Scientific Committee will also include experts among its members in order to enhance the ESRB’s ability to estimate the accumulation of risks and have available the widest possible expertise. The President of the European Central Bank will chair the ESRB for the first five years to give it a sufficiently high profile and the credibility it needs."@en1
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