The ESRB, set up after the 2008 crisis and chaired by European Central Bank President Christine Lagarde, is considering whether to extend the controls supervisors can impose to protect the EU's financial system. As well as monitoring individual institutions, regulators can impose "macroprudential" measures to limit larger problems, for example, to ensure that banks can't give mortgages that are too generous compared with a borrower's salary and calm overheating housing markets.

Source: CoinDesk.com