We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
THE ROLE OF THE EUROPEAN SYSTEMIC RISK COMMITTEE IN THE IMPLEMENTATION OF MACROPRUDENTIAL SUPERVISION.
- Authors
CHIRTOC, IRINA-ELENA
- 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.
- Subjects
SYSTEMIC risk (Finance); ECONOMIC development; GOVERNMENT policy
- Publication
Annals of 'Constantin Brancusi' University of Targu-Jiu. Economy Series / Analele Universităţii 'Constantin Brâncuşi' din Târgu-Jiu Seria Economie, 2018, Issue 3, p123
- ISSN
1844-7007
- Publication type
Article