On October 25, 2023, the European Systemic Risk Board (ESRB) published its latest evaluation report on compliance with the Board’s recommendations as regards the „assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2015/2. To recall, the recommendations specifically set out „recommendations“ for national competent authorities (NCAs) as to the implementation of policy measures so as to ensure that th
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