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European Systemic Risk Board should go beyond banks, EU Commission says

By John Rega ( August 2, 2016, 16:17 GMT | Insight) -- The European Systemic Risk Board should widen its monitoring beyond banks and recommend action when needed in other industries, the EU's executive arm said in a potential boost to oversight of capital markets. The European Commission stopped short of suggesting binding powers for the ESRB. But national regulators must have power to limit lending among other "macro-prudential" measures, its report said.The European Systemic Risk Board should widen its monitoring beyond banks and recommend action when needed in other industries, the EU's executive arm said in a potential boost to Europe's oversight of capital markets....

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