Third, this macro-prudential regime should be subject to strict safeguards, under the ex ante coordination of the ESRB. The purpose of this coordination before new calibrations are introduced by individual countries is to guard against possible unintended consequences and spillover effects. These safeguards could include the identification of the macro-prudential concerns in the respective countries and confirmation by the ESRB.
Bank controlling companies should confine their activities to the management and control of banks and companies engaged in activities considered to be closely related to banking. Because of the nature of their business, banks tend to invest more in companies that are primarily involved in financial activities.