Sapir, André; Hellwig, Martin F.; Pagano, Marco; … - 2021
macro-prudential oversight in the EU. Second, various national and EU authorities have responsibility for the implementation …-level structure. In response to this innovation, this paper makes two key points. First, the ECB should be in charge of macro …-prudential policies conferred by the Capital Requirements Regulation and Directive. Within the ECB, macro-prudential decisions should be …