ESRB欧洲系统风险委员会：2015年银行业宏观审慎政策旗舰报告（英文版）

The EU is now ready to conduct macro-prudential policy. The new prudential rules for the EU banking system came into force on 1 January 2014. They provide Member States with a common legal framework that includes a set of macroprudential instruments. This structural innovation in EU policy-making was born out of the global financial crisis. It is a further cornerstone in the reform of the EU’s financial system and forms part of the wider global reform agenda. 2. Policy-makers have the tools t