01655cas a2200241 a 4500 AALejournalIMF013439 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475591156 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. European Union : Publication of Financial Sector Assessment Program Documentation-Technical Note on Macroprudential Oversight and the Role of the ESRB. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (27 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This article reviews the European Systematic Risk Board (ESRB), its role, approach, outputs, and effects in the European Union. The ESRB is the reason for macroprudential oversight of financial systems. Macroprudential policy is used to identify and reduce financial risks and limit financial imbalances. This policy is for both upturns and downturns of economic cycles. The role of the ESRB should be further enhanced to cover the entire financial system and institutions. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/070 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/070/002.2013.issue-070-en.xml IMF e-Library