BIS Review 61/2009  3  creation of the ESRC will be able to make an important contribution to financial stability in the EU and help to make a significant improvement to the present financial stability analysis at EU level.
The ESRC could, in particular, noticeably improve the identification and assessment of systemic risks affecting the EU financial system by analysing the interconnections among financial institutions and markets on the basis of both macro- and micro-prudential supervisory information.