Vítor Constâncio: The establishment of the European Systemic Risk Board – challenges and opportunities Introductory remarks by Mr Vítor Constâncio, Vice-President of the European Central Bank, at the Eurofi Financial Forum plenary session 14 on “Implementing the de Larosière Agenda”, Brussels, 29 September 2010.
*  *  *  The European Systemic Risk Board (ESRB) will be established in January 2011 as the body responsible for the macro-prudential oversight of the EU financial system. It is mandated to actively monitor the various sources of risk to financial stability in the EU – across Member States and financial sectors – with due consideration of also global developments.