Wed 28 October 2009, Financial Times

The proposed European Systemic Risk Board is overweight central bankers

On September 25, 2009, the Commission of the European Communities produced a proposal for EU-level macro-prudential regulation and supervision, “Proposal for a Regulation of the European Parliament and of the Council on Community macro prudential oversight of the financial system and establishing a European Systemic Risk Board” . It looks as though the EU Presidency (Sweden) and the Commission are trying to get this proposal adopted in a hurry.