The main tasks of the ESRB will be to monitor the stability of EU financial system, to issue warnings when the assessment of risks are deemed to be significant, and to suggest, when appropriate, policy recommendations.
Close cooperation with national EU supervisory authorities and with global institutions (such as the IMF and the Financial Stability Board) should help this new institution and the central banks represented on the ESRB to deal with the challenges posed by increasingly interconnected national financial systems. Conclusions Let me conclude.