Macroprudential oversight encompasses the functions of those supervisory authorities charged with detecting, assessing and mitigating risks for the financial system as a whole. Macroprudential oversight, with its mandate to influence the entire financial system and the stability thereof, supplements the microprudential oversight of individual banks, insurance corporations and additional participants in the financial system. As part of their macroprudential oversight functions, supervisory authorities can issue warnings about risks and negative developments, and propose ways of averting risk. In Germany, the German Financial Stability Committee (G-FSC) has a pivotal role to play in implementing such measures. Within the G-FSC, the Bundesbank has a number of key tasks, above all monitoring and analysing risks in the German financial system. At European level, the European Central Bank (ECB) is charged with macroprudential oversight as is the European Systemic Risk Board (ESRB).