Act on macroprudential supervision | Legal acts

The Act on macroprudential supervision over the financial system and crisis management

English translation of selected articles. (The document is not an official translation, it explains only main features of the Act).

Recommendation of the European Systemic Risk Board of 22 December 2011 on the macro-prudential mandate of national authorities.

Under the Act, the Financial Stability Committee is the competent authority responsible for macroprudential supervision. The establishment of a macroprudential authority fulfills the Recommendation of the European Systemic Risk Board of 22 December 2011 on the macroprudential mandate of national authorities. Additionally, the Act implements the provisions of Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (hereinafter ‘CRDIV’) in the area of capital buffers (Articles 128-142).