BoE Governor, Mark Carney, gave the opening statement at the meeting of EP’s Economic and Monetary Affairs Committee (ECON) in Brussels. He outlined the contributions of the European Systemic Risk Board to market resilience and openness, including:
- the promotion of stronger macroprudential frameworks across the Union, using “soft law” to encourage adherence with deemed best practice;
- providing a central hub through which best practice can be established and updated.
(Source: BoE Carney – ECON)