The European Systemic Risk Board was created in the wake of the global financial crisis following the recommendations of the High Level Group chaired by Jacques de Larosiere. The de Larosiere Report focused on the need to move beyond microprudential supervision and give due attention to ensuring the stability of the financial system as a whole.
As part of the process of implementing its recommendations, macroprudential regulation became a central bank core task. The research conducted in fora such as this one provides valuable inputs to this work.