European Systemic Risk Board

The European Systemic Risk Board (ESRB) is an organization in the European Union that monitors and manages risks to the financial system. Established in 2010, its main goal is to strengthen financial stability and prevent crises. It does this by analyzing potential threats, issuing warnings, and providing recommendations to EU member states and financial institutions. The ESRB brings together government representatives, central banks, and financial regulators to collaborate on maintaining a stable economic environment, ensuring that the financial system can support growth while protecting against systemic risks that could lead to economic downturns.