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.

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

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Own foreign offices

U.S. reporting institutions' parent organizations, branches, and/or majority owned subsidiaries located outside the United States.

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