ESRB has reported on the meeting of its General Board. Points of note included:

  • identifying persistent weaknesses in banks’ balance sheets as key vulnerabilities in the EU banking sector;
  • noting a substantial increase in the use of macroprudential measures implemented or planned in 2015;
  • the second ESRB annual review of macroprudential policy in the EU, due in the second quarter of 2016;
  • discussion of the EU Shadow Banking Monitor, a report prepared jointly by the ESRB Advisory Technical Committee and Advisory Scientific Committee; and
  • the approval of adverse scenarios prepared by ESRB for the 2016 EU-wide stress tests of the insurance sector by EIOPA and the 2016 EU-wide stress test of central counterparties by ESMA.

(Source: ESRB reports on Board meeting)