2  BIS Review 147/2009  On the first, the macro-prudential pillar, I am pleased with the broad agreement on the establishment of the European Systemic Risk Board – the ESRB – to which the ECB will give its full support. The main recent milestone was the Ecofin Council in October, which endorsed the current legislative proposals.
; S. Kozicki, E. Santor and L. Suchanek, “Unconventional Monetary Policy: The International Experience with Central Bank Asset Purchases,” Bank of Canada Review (Spring 2011): 13–25. 10  A. Reza, E. Santor, and L. Suchanek, “Quantitative Easing as a Policy Tool Under the Effective Lower Bound,” Staff Discussion Paper No. 2015–14, Bank of Canada, 2015.