The process for ensuring coverage of villages with population below 2000 is underway.
At the EU level, the ESRB has been in place as an integrated financial supervisor for macro-prudential supervision since 2011. The ESRB’s aim is to identify systemic risks in the financial system and to propose measures to eliminate them, employing warnings and recommendations, which are subject to a ‘comply or explain’ mechanism. Mandates for macro-prudential policies lie at the national level.