Draghi: Macroprudential policy in Europe

From ecb.europa.eu

It is my pleasure to welcome you to the fourth annual conference of the European Systemic Risk Board (ESRB). Since this is the last time I will open this conference as Chair of the ESRB, I wanted to reflect on the development of macroprudential policy over the course of the past eight years. In that time it has evolved from an idea that mostly existed on paper into policy instruments that have been widely implemented. Europe is now better placed to prevent or mitigate risks to financial stability than it was in the run-up to the global financial crisis. Yet there is still unfinished business: analytical tools to ... (full story)