In order to enhance this role, the ESRB could act as a hub for the ex-post evaluation of macro-prudential policies by coordinating analytical work. It could set up 1/5  BIS central bankers' speeches  dedicated working groups and ensure high-quality output by coordinating peer-reviews of the evaluation. Successfully improving the operations of the ESRB and strengthening its capacities has two important prerequisites.
First, The ESRB would need more own resources to build up independent analytical capacities mainly to identify, to propose and to coordinate joint analytical efforts, thereby reducing the current dependence on ECB’s resources. Cooperation with the European Supervisory Authorities 1 (ESAs) should be intensified in order to enhance its crosssectoral analytical capacities.