The European Central Bank is facing a potential crisis of its own because of "skeleton" risks amounting to several hundreds of billions of euros on its balance sheet, Dow Jones reported quoting Der Spiegel magazine.
While it’s a great idea to engage the one group responsible for systemic risk on the biggest systemic risk looming (the debt crisis), but the fact the FSOC hasn’t already addressed it means they are already behind the curve in what they are supposed to be doing.