Central banks of the Eurosystem assume today either direct responsibility for micro-prudential supervision, or are closely involved in this mission, or have formal co-operation arrangements in place.
The role for central banks, to be embedded in an appropriate overall supervisory regime due to their involvement in financial stability, is based on their mission in payment systems; the obligation to communicate and comment in the field of financial stability and to maintain a communication network with other central banks; the need of disseminating information to markets; and the possible need for liquidity injection in emergency situations or for crises management.