THE ROLE OF THE EUROPEAN SYSTEMIC RISK COMMITTEE IN THE IMPLEMENTATION OF MACROPRUDENTIAL SUPERVISION

Abstract

The role of macro-prudential policy in the EU is to ensure the smooth functioning of the financial system. Real economy can only grow to the extent that the financial system performs its functions without risk. The most well-known directions that give stability to the financial system are related to the functioning of the market in normal parameters, to ensuring that the payments in the economy are achieved without any difficulty, and especially to the achievement of quality financial intermediation. Macro-prudential policy regulations concern the development of unique banking monitoring mechanisms, rigorous supervision of managerial strategies for the development of financial-banking groups, risk assessment and management. Macroeconomic shocks caused by periodic financial crises will not affect the banking system to the extent that financial and macroprudential supervision is effective.

Keywords

• mobility
• migrants
• immigrants
• private capital transfers