Romania: Financial Sector Assessment Program-Technical Note-Macroprudential Policy Framework and Tools

June 8, 2018

Preview Citation

Format: Chicago

Romania: Financial Sector Assessment Program-Technical Note-Macroprudential Policy Framework and Tools, (USA: International Monetary Fund, 2018) accessed September 24, 2024

Summary

This Technical Note analyzes the implementation of macroprudential policy framework and tools in Romania. The National Bank of Romania (NBR) has a long experience in implementing macroprudential policy measures. The NBR monitors several indicators to assess the build-up of systemic risk, many of which are derived from the nation-wide credit register and related data sources. The institutional framework for macroprudential policymaking has recently been revised and contains a clear mandate and well-defined objectives, but NBR’s role seems constrained. It is recommended that the macroprudential policy toolkit should be strengthened further to address risks identified in the Financial Sector Assessment Program’s risk analysis. The systemic risk buffer should be calibrated carefully to address risks stemming from the strong sovereign-bank nexus.

Subject: Banking, Credit, Financial institutions, Financial sector policy and analysis, Macroprudential policy, Money, Mortgages, Systemic risk, Systemic risk assessment

Keywords: Banks' balance sheets, CR, Credit, Equity holding, Funding pattern, FX bank lending, FX liquidity risk, FX loan, Global, ISCR, Macroprudential policy, Mortgages, Parent bank, Sovereign-bank nexus, Systemic risk, Systemic risk assessment

Publication Details

Pages:

37
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/164
Stock No:

1ROMEA2018007
ISBN:

9781484360736
ISSN:

1934-7685

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