The Financial Stability Board

The Financial Stability Board– The coordination body among the HFSA, Ministry of Finance and the Magyar Nemzeti Bank (the central bank of Hungary) in order to promote financial stability.

Effective January 1, 2010, the Financial Stability Board has been set up in accordance with the Act CXLVIII of 2009 on some amendments of acts making financial supervision of the financial intermediary system more efficient amending the Act CXXXV of 2007 on the Hungarian Financial Supervisory Authority.

The Financial Stability Board coordinates financial stability issues at the highest level and assists the work of the Hungarian Financial Supervisory Authority. The tripartite Financial Stability Board encompasses the Governor of the National Bank of Hungary, the Minister of Finance and the Chairman of the Hungarian Financial Supervisory Authority. Its primary task is to assess the stability of the different components of the financial system, and to monitor the activities of the Hungarian Financial Supervisory Authority as regards the enforcement of laws and regulations in relation to financial stability.

The Financial Stability Board has monthly meetings. Information on the Financial Stability Board available at HFSA’s homepage.

Vissza a tetejére

The primary objective of the MNB shall be to achieve and maintain price stability. (...) Without prejudice to its primary objective, the MNB shall support the maintenance of the stability of the system of financial intermediation, the enhancement of its resilience, its sustainable contribution to economic growth; furthermore, the MNB shall support the government’s economic policy and its policy related to environmental sustainability, using instruments at its disposal.