The Advisory Scientific Committee (ASC) conducts research to inform macroprudential decisions by the General Board. Its membership consists of the Chair of the Advisory Technical Committee and 15 experts representing a wide range of skills, experience and knowledge related to all relevant financial markets sectors. The Committee meets at least quarterly.
ASC members contribute to a range of ESRB policy and research work, including the joint ASC-ATC groups on non-bank financial intermediation and interconnectedness. The Committee contributes to public debate on macroprudential policy by publishing ASC Reports and ASC Insights. Past contributions include a discussion on overbanking in the EU, a call for enhanced disclosure of carbon-intensive assets, analytical work for macroprudential stance and a report on digitalisation and the future of banking. The ASC also awards the annual Ieke van den Burg Prize for outstanding research conducted by young academics and is responsible for the ESRB Working Paper Series.
Pablo Hernández de Cos