Examples of using Macroprudential in English and their translations into Hungarian
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Macroprudential policy strategy.
Governance of macroprudential policy!
Macroprudential policy actions.
Financial stability and macroprudential policy.
Macroprudential policy measures.
People also translate
The interaction between monetary and macroprudential policies[2].
Macroprudential and microprudential policy.
The assessment of both a country's financial stability policy framework,notably including the microprudential and macroprudential regulatory framework, and its supervisory framework, and supervision practice, centred on the assessment of compliance with the Basel core principles for effective banking supervision;
Macroprudential policy interactions Macroprudential policy cannot be considered in isolation; there are important interactions between microprudential, macroprudential and monetary policy measures.
It is good news in this respect that as a consequence of the global financial crisis of 2008/2009, central banks devote more and more resources tomonitor the changes in the real estate market, so that, if necessary, they could react with their macroprudential instruments, independently of the monetary policy.
For this reason, the central bank, acting in its macroprudential capacity, defines and annually reviews the list of domestic systemically important institutions, and prescribes capital buffers for them to decrease the probability of their default based on their significance.
The Eurosystem therefore monitors and assesses the stability of the financial system on an ongoing basis and the ECB publishes both a semi-annual Financial Stability Review on the financial system as a whole andannual macroprudential and structural assessments of the EU banking sector.
Ensure that the key features of the microprudential and macroprudential banking supervision framework resulting from the establishment of the SSM are accurately reflected at the national level, and that the areas needing further development are identified in the IMF's recommendations.
The justification of why none of the existing measures in this Act or in Regulation(EU) No 575/2013, excluding Articles 458 and 459 of that Regulation,will be adequately effective to prevent and mitigate the identified systemic or macroprudential risk;
When notified of the macroprudential decisions taken by national competent and designated authorities, the Governing Council conducted its assessment of the measures in line with Article 5(1) of the SSM Regulation, and decided not to object to the decisions by these authorities.
One has to be aware that this can also contribute to building up risks and vulnerabilities in banks' and non-banks' balance sheets,which in turn calls for the application of macroprudential tools in the banking sector and the development of such a framework for the non-bank sector, including for insurance companies.
Each designated authority shall assess the intensity of cyclical, macroprudential or systemic risk on a quarterly basis and, in the event of changes, set or adjust the appropriate countercyclical buffer rate for its Member State, and in so doing, each designated authority shall take into account:”.
(e) the justification for why none of the existing measures in this Directive or in Regulation(EU) No 575/2013, excluding Articles 458 and 459 of that Regulation, alone or in combination,will be sufficient to address the identified macroprudential or systemic risk taking into account the relative effectiveness of those measures;
This assessment also tookaccount of the fact that more than 80 actions in the macroprudential field had already been taken in euro area countries to increase the resilience of the banking system and prevent the emergence of possible imbalances, particularly in the real estate sector.
If the same macroprudential policy measure is not available in their jurisdiction, in line with sub-recommendation C(2), the relevant authorities are recommended to apply, following consultation with the ESRB, a macroprudential policy measure available in their jurisdiction that has the most equivalent effect to the above measure recommended for reciprocation.
Legislative changes should, inter alia,include the revision of the respective powers of national and Union-level macroprudential authorities so as to better delineate responsibilities in the areas of risk assessment and policy making, including the coordination and notification procedures between authorities.
If the same macroprudential policy measure is not available in their jurisdiction, the relevant authorities are recommended to apply, following consultation with the ESRB, a macroprudential policy measure available in their jurisdiction that has the most equivalent effect to the above measure recommended for reciprocation, including adopting supervisory measures and powers laid down in Title VII, Chapter 2, Section IV of Directive 2013/36/EU.
In line with its legal mandate, the ECB in 2018 assessed notifications by thenational authorities in the euro area of 103 macroprudential 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 framework on voluntary reciprocity for macroprudential policy measures, set out in Recommendation ESRB/2015/2 of the European Systemic Risk Board(4), aims to ensure that the same set of macroprudential requirements apply to the same type of risk exposures in a given Member State, irrespective of the legal status and location of the financial service provider.
In response to the risk environment confronting the euro area in 2018, national authorities, in consultation with the ECB,implemented a number of macroprudential 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.[42].
The extension of the Bank's micro- and macroprudential authority, the conversion of foreign currency loans into forints, the Self-financing Programme, the Funding for Growth Scheme, then the Market-Based Lending Scheme contributed successfully to restoring the monetary transmission mechanism impaired during the crisis, to strengthening financial stability and to providing a corresponding degree of support to the real economy.
Besides speeches, press releases and other publications such as occasional papers, the ECB continued publishing its biannual Macroprudential Bulletin, which is an important communication tool for explaining the ECB's macroprudential policy framework and decision-making procedures, as well as analytical advances and assessments in the field.
In particular,the ECB has been given the task of assessing macroprudential measures provided for by EU legislation and adopted by national authorities in countries subject to ECB Banking Supervision, and also has the power to top up such national measures in the banking sector.
In accordance with sub-recommendation C(2), the relevant authorities are recommended to apply,following consultation with the ESRB, a macroprudential policy measure available in their jurisdiction that has the effect most equivalent to the above measure recommended for reciprocation, including adopting supervisory measures and powers laid down in Title VII, Chapter 2, Section IV of Directive 2013/36/EU.
In accordance with sub-recommendation C(2), the relevant authorities are recommended to apply,following consultation with the ESRB, a macroprudential policy measure available in their jurisdiction that has the effect most equivalent to the above measure recommended for reciprocation, including adopting supervisory measures and powers laid down in Title VII, Chapter 2, Section IV of Directive 2013/36/EU.