ESRB appears before ECON: The chairman of ESRB, Mario Draghi, has appeared before the Economic and Monetary Affairs Committee (ECON) at the European Parliament. He announced that ESRB will devise a methodology for banks to calculate potential misconduct costs under stress, and reviewed the macroprudential measures that Member States have adopted so far, such as countercyclical buffers, restrictions on mortgage lending or borrowing and higher capital requirements on "too big to fail" banks. Looking ahead, he considered the effect on liquidity of reduced market makers' inventories and announced further enquiry by ESRB into the systemic risks posed by this development. (Source: Introductory Statement)