New Macroprudential Policy to Safeguard Financial Stability in Europe and Beyond
The article discusses how to improve financial stability by introducing macroprudential policy. This new approach is being considered at different levels to prevent another global financial crisis. In the EU, the European Systemic Risk Board is being established to oversee this policy. Various regulations are being developed to support this, including those proposed by the Basel Committee. The article aims to start a conversation on how the Czech Republic can implement macroprudential policy based on its financial market structure and past experiences. The goal is to enhance the existing financial stability concept with insights from the Bank for International Settlements and lessons learned from the recent crisis.