European Systemic Risk Council (ESRC)

Definition:

A supra-national structure established to deal with cross-border aspects of financial stability in Europe post finanical crisis in 2008. ESRC monitors systemic risks (supervise the macro-prudential system) and address them through coordinated policy responses from EU member states.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Effective margin (EM)

Used with SAT performance measures, the amount equal to the net earned spread, or margin of income, on assets in excess of financing costs for a given interest rate and prepayment rate scenario.

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