Jurisdiction(s):
United Kingdom

Key definition

European Systemic Risk Board definition

What does European Systemic Risk Board mean? In legal and regulatory practice, the European Systemic Risk board (ESRB) is the EU’s macroprudential oversight body, used as a reference point when assessing systemic risk warnings and recommendations affecting EU financial stability. It was established by Regulation (EU) No 1092/2010 (as amended, including Regulation (EU) 2019/2175), and forms part of the European System of Financial Supervision. The ESRB identifies and monitors systemic risks and issues non‑binding warnings and recommendations on a comply‑or‑explain basis to EU institutions, Member States, the European Supervisory Authorities and national authorities (including the Central Bank of Ireland). The ECB provides its secretariat. For Ireland, ESRB...

European Systemic Risk Board (ESRB): EU macro-prudential oversight—Regulations 1092/2010 & 1096/2010, organisation, accountability, ESFS role and key actions (archived; post-Brexit context)

Published by a LexisNexis Financial Services expert

Practice notes

brexit

At 11pm GMT on 31 December 2020—the ‘ip completion day’—the transition/implementation phase that followed the UK’s exit from the EU, and which had been entered into after the UK’s withdrawal, came to a close. From that moment, key transitional measures ended, and significant changes started to operate across the UK’s legal regime. This note provides guidance on topics affected by these shifts. Before proceeding with your research, please refer to: Brexit and financial services: materials on the post‑Brexit UK/EU regulatory regime (Archived).

ESRB Background

The european systemic risk board (ESRB) was established in line with recommendations that arose during the early stages of the 2007–08 financial crisis. The European Commission aimed to strengthen European Union‑level supervisory arrangements for the financial system to bolster consumer protection and rebuild trust in finance. It was considered that oversight should emphasise the resilience of the financial system as a whole, rather than concentrating only on individual firms or component parts...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Web page updated on 21/05/2026

Popular documents

Using the Judicial College Guidelines to assess general damages in personal injury claims

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Tomlin orders in England and Wales: CPR guidance on drafting, confidentiality, approval, variation, enforcement, limitation, CCA issues, court-specific requirements, sample wording and precedents

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Precedent: Deed of Surrender of Lease with Optional Premium, Settlement and Release, Landlord, Mortgagee and Guarantor Consents, Reimbursement and HM Land Registry Provisions (England and Wales)

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Precedent Statutory Declaration: Standard Wording under the Statutory Declarations Act 1835

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...