These data would be obtained from the national supervisory authorities and national central banks. Additionally, impact assessments would draw on information resulting from stresstesting exercises. This new framework poses a strategic challenge for the Eurosystem because of issues pertaining to administrative support, logistical support and support in the form of expertise for the ESRB.
5  Uncertainty can affect the monetary policy response through the execution of this dualmandate. In particular, it is now more suitable for us to take a risk-management approach. In short, this means we look to minimise our regrets. We would rather act quickly and decisively, with a risk that we are too effective, than do too little, too late, and see conditions worsen.