ECB president calls for improvements of macro-prudential framework

          Source: Xinhua| 2019-09-27 00:40:16|Editor: yan
          Video PlayerClose

          FRANKFURT, Sept. 26 (Xinhua) -- Mario Draghi, head of the European Central Bank (ECB), said Thursday that the macro-prudential framework in Europe needs be improved to keep pace with developments in the financial system.

          Draghi, who is also chair of the European Systemic Risk Board (ESRB), made the remarks at the fourth annual conference of the ESRB.

          Europe has gradually established a macro-prudential framework to safeguard financial stability and mitigate systemic risks, and the implementation of macro-prudential policy has substantially improved over the past eight years, Draghi said.

          Macro-prudential authorities now exist in all but one European Union member state, with mandates and legal tools to act, and the ESRB acts at the European level. "Yet the overall framework for macroprudential policy in Europe remains incomplete," Draghi noted.

          He suggests better analytical tools be developed to adequately monitor interconnectedness and contagion channels in the system.

          He also said the policy framework needs to keep pace with developments in the financial system, which would involve broadening the range of policy instruments "beyond those currently available, which focus almost exclusively on the banking sector."

          In addition, a clearer conceptual framework should be established to govern policy discussions and interventions, Draghi said.

          Macro-prudential policies such as caps on loan-to-value and debt-to-income ratios have become more popular since the 2008 financial crisis. For example, most EU countries have tools in place to address risks in the property sector.

          TOP STORIES
          EDITOR’S CHOICE
          MOST VIEWED
          EXPLORE XINHUANET
          010020070750000000000000011105521384260141
          无码人妻一区二区三区四区av_亚洲精品911在线永久观看_精品一区二区国产在线观看_日韩不卡一区二区视频在线

                  在线观看国精产品二区 | 日本v片免费一区二区三区 日韩美女黄大片在线观看 日韩AⅤ午夜在线观看 | 在线se国产精品 | 亚洲欧美h片在线看 | 亚洲аv电影在线观看 | 中文字幕日韩一区二区不卡 |