European Systemic Risk Board (ESRB)

The European Systemic Risk Board (ESRB) is an organization in the European Union that monitors and addresses risks to the financial system as a whole, rather than focusing on individual institutions. Established after the 2008 financial crisis, its main goal is to promote financial stability by identifying potential threats and recommending actions to prevent crises. The ESRB gathers information, analyzes trends, and issues warnings to national authorities and other stakeholders to help ensure a safe and resilient financial environment across Europe.