From the beginning of April to yesterday, CDS premiums for the three largest Italian banks rose by 63 basis points, reflecting the increase in those on sovereign debt. The Italian banks, together with their Spanish counterparts, are the only ones in the euro area to have  2  BIS Review 148/2010  maintained premium levels lower than those on sovereign debt.
Second, the ESRB needs access to relevant data and information and data sharing among members has to be facilitated. 2. Mandate and Role of the ESRB The macro-prudential supervisory architecture of the EU was established right after the financial crisis, while the macro-prudential architecture of the Euro Area was significantly overhauled with the establishment of the Banking Union in 2014.