Legal framework

ESRB Regulation


Agreement between the European Banking Authority and the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority and the European Systemic Risk Board of 25 November 2011 on the establishment at the ESRB Secretariat of specific confidentiality procedures in order to safeguard information regarding financial institutions and information from which individual institutions can be identified


The European Systemic Risk Board (ESRB) can adopt decisions necessary to ensure the performance of the tasks entrusted to it, including for organisational and policy purposes. This means ESRB decisions can also amend or repeal those that have been issued previously. The ESRB determines, on a case-by-case basis, whether a decision should be made public.

Decision ESRB/2020/3 (amending Decision ESRB/2011/1) and Decision ESRB/2011/2 set the framework, respectively, for adopting the Rules of Procedure of the ESRB and on the procedures and requirements for the selection, appointment and replacement of the members of the Advisory Scientific Committee of the ESRB.

The ESRB has also issued Decisions ESRB/2018/7, ESRB/2015/4, ESRB/2021/7 (amending Decision ESRB/2015/4), which together build a coordinating framework for the ESRB and relevant authorities, such as supervisory or macroprudential authorities.