The European Systemic Risk Board (ESRB[1]) is a group established on 16 December 2010[2] in response to the financial crisis.

As a body lacking juridical personality, the ESRB relies on hosting and support by the European Central Bank.

It includes representatives from the ECB, national central banks and supervisory authorities of EU member states, and the European Commission.

In order to take advantage of existing and compatible structures, and to minimise any delay to the commencement of its operations, the ECB provides analytical, statistical, administrative and logistical support to the ESRB, and technical advice is also drawn from national central banks, supervisors and an independent scientific committee.

The prize is named in honor of Ieke van den Burg, for her work on financial stability.