EoV with Olli Rehn, First Vice-Chair of the European Systemic Risk Board
25-02-2025 - 09:00
Olli Rehn, Governor of the Bank of Finland, appeared before ECON Committee Members in his capacity as First Vice Chair of the European Systemic Risk Board (ESRB) on Thursday, 20 February 2025.
The ESRB is responsible for the macroprudential oversight of the EU financial system and the prevention and mitigation of systemic risk. The ESRB Regulation requires the First Vice Chair to appear before the relevant committee of the European Parliament to explain how he will carry out his duties. Governor Rehn is a former European Commissioner (2004-2014) including a term as European Commissioner for Economic and Monetary Affairs and the Euro. In respect of the ESRB, he chaired a high level group which reported in 2024 on the future of the organisation.