Cross-sector risks (Joint Committee)

The Joint Committee of the European Supervisory Authorities (ESAs) has established a Risk Sub-Committee which ensures adequate coverage of cross-sectoral developments, risks and vulnerabilities, including regulatory developments of cross-sectoral significance, and risks and vulnerabilities of financial conglomerates. It provides analyses of systemic risks with cross-sectoral implications, including risk transfer and contagion issues.

The Risk Sub-Committee provides regular cross-sectoral micro-prudential risk assessments to the ESAs’ Board of Supervisors and, the Economic and Financial Committee – Financial Stability Table (EFC-FST) and the ESRB, complementing the ESAs’ reports.