8 Estonia, Lithuania and Slovenia joined ERM II in 2004; Cyprus, Latvia, Malta and Slovakia joined ERM II in 2005. 9 For the ECB, these are banking supervision and macroprudential policy. The ECB’s assessment of the ERM II  prior commitments on the macroprudential toolkit is available on the ECB’s website.
See “ECB assessment report on completion of the commitments made by the Republic of Bulgaria on the macroprudential toolkit” and “ECB assessment report on completion of the commitments made by the Republic of Croatia on the macroprudential toolkit”, ECB, 10 July 2020 . 10 For Bulgaria, these policies include enhancing non-banking supervision, improving the insolvency framework  and strengthening the governance of state-owned enterprises.