What is European Systemic Risk Board (ESRB)?
European Systemic Risk Board (ESRB) definition and meaning on Finance terms:
An independent EU body responsible for the macro-prudential oversight of the financial system within the EU. It contributes to the prevention or mitigation of systemic risks to financial stability that arise from developments within the financial system, taking into account macroeconomic developments, so as to avoid periods of widespread financial distress. <