Examples of using Macro-prudential in English and their translations into Hungarian
{-}
-
Financial
-
Official
-
Colloquial
-
Medicine
-
Ecclesiastic
-
Programming
-
Official/political
-
Computer
Macro-prudential and Micro-Prudential Regulations.
(1) Develop European macro-prudential risk assessment;
The new framework brings together both micro-prudential and macro-prudential elements.
Why is macro-prudential policy required?
As for tasking the ESFS,the major drawback lies with the substantial difference between the scope of macro-prudential supervision and that of micro-prudential supervision.
Why is macro-prudential policy necessary?
Proposal for a regulation on Community macro-prudential oversight of the financial.
From a macro-prudential perspective there are a number of problems applying this principle.
The ESRB was established by Regulation(EU)No 1092/2010 of the European Parliament and of the Council of 24/11/2010 for the macro-prudential oversight of the EU financial system.
First, it is difficult to assess the ESRB's performance as a forward-looking macro-prudential authority as it was established at the height of the financial crisis, while its primary mandate is to prevent the occurrence of such crises.
Stakeholders have recognised that the ESRB has been providing a unique forum for discussion on financial stability issues throughout the crisis andthat it has raised awareness among policy makers on the macro-prudential dimension of financial policies and regulations.
There is a need to increase the transparency of the use and impact of the macro-prudential regulation of the housing sector by the Financial Policy Committee that could be deployed to address excessive house price rises and increases in mortgage indebtedness.
As it is impossible to resolve the weaknesses of the existing supervisory structure, which the current financial crisis has underlined,it has become even more pressing to create mechanisms for macro-prudential supervision that are capable of guaranteeing the stability of European financial markets.
The BSC 's macro-prudential and structural analyses are based on a combination of aggregate statistical information obtained from central banks and supervisory authorities in the EU, complemented by qualitative and, as far as possible, forward-looking information from the BSC 's members.
Regulatory policy, participation in the drafting of legislation, modernisation and improved efficiency of macro-prudential regulation and regulation unnecessarily restricting the operation of the market;
The macro-prudential procedures referred to in Articles 5(1) and(2) of the SSM Regulation shall not constitute ECB or NCA supervisory procedures within the meaning of this Regulation, without prejudice to Article 22 of the SSM Regulation in relation to decisions addressed to individual supervised entities.
In these cases, a separate reporting scheme for credit institutions only is needed to enable the carrying-out of macro-prudential analysis of the European Union banking system and to calculate the macro-prudential indicators( MPIs) related to the subset of credit institutions.
(DE) I voted in favour of the report on macro-prudential oversight of the financial system and establishing a European Systemic Risk Board as this is a significant part of the new financial market architecture in the EU and the package represents a major step towards regulation of the financial markets.
The ECB shall collect from NCAs and NDAs of participating Member States information regarding the identity of the authorities designated for the respective macro-prudential tools referred to in Article 101 and the macro-prudential tools that these authorities can use.
This notwithstanding, if an NCA or NDA intends to make use of a macro-prudential tool, it shall inform the ECB as early as possible of its identification of a macro-prudential or systemic risk for the financial system and, where possible, of the details of the intended tool.
The amendment to paragraph 1 aims at ensuring that the competent authorities collect andreceive all relevant information necessary for the assessment and macro-prudential analysis of risks to which a CSD is or may be exposed, including risks associated with its systemic role.
The Council AGREES that an independent macro-prudential body covering all financial sectors, the European Systemic Risk Board(ESRB), should be established- without legal personality- and charged with the following tasks, without prejudice to the role and responsibilities of existing bodies.
In response to the risk environment confronting the euro area in 2018, national authorities, in consultation with ECB,implemented a number of macro-prudential measures to mitigate and build up resilience to systemic risks and to ensure that financial services continue to be provided effectively to the real economy.
The ESRB should play a key role in the coordination of macro-prudential measures, as well as the transmission of information on planned macro-prudential measures in Member States, notably through the publication of adopted macro-prudential measures on its website and through information sharing across authorities following the notifications of planned macroprudential measures.
In line with its legal mandate, ECB, in 2018,assessed notifications by the national authorities in the euro area of 103 macro-prudential policy decisions regarding instruments targeting cyclical and structural systemic risks as well as other instruments under Article 458 of the Capital Requirements Regulation(CRR).
The EU will see the launch of the European Systemic Risk Board,responsible for the macro-prudential oversight of the financial system in order to avoid periods of widespread financial distress and contribute to the smooth functioning of the internal market, thereby ensuring a sustainable contribution on the part of the financial sector to economic growth.
Following negotiations in the Council, finance ministers agreed in October on the creation of the European SystemicRisk Board as the body to be responsible for macro-prudential oversight across the EU financial system, and asked the Presidency to start negotiations with the European Parliament on the legislation, with a view to reaching agreement at first reading.
It proposes a reform ofeconomic governance in the fields of banking union and macro-prudential supervision of the financial sector, the prevention of strong divergences in unit labour costs and fiscal policy governance, which can ensure that the budgets of individual members are sustainable and that resources are available in the event of a banking and sovereign debt crisis.
The European supervisory architecture asestablished in 2011 ECB support European Systemic Risk Board Macro-prudential supervision EU financial sector European System of Financial Supervisors Micro-prudential supervision Governors of NCBs ECB President& Vice-President Non voting members: Source: ECB.
Timeframe: The 2020 stress test 113 Thedominant role played by national supervisory and macro-prudential authorities in the design of the stress test was not conducive to ensuring comparable and unbiased scenarios for Member States(see paragraphs 29, 42, 43 and Box 1) as the EU-wide perspective was insufficiently taken into account.
