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Macroprudential Policymaking in Emerging Europe
June 2, 2016Vienna, Austria

The World Bank's Financial Sector Advisory Center (FinSAC) hosted a workshop on “Macroprudential Policymaking in Emerging Europe” on June 2, 2016 in Vienna. Participants and speakers included senior financial stability experts of central banks and regulatory agencies from seventeen countries in Europe as well as from FinSAC, the Joint Vienna Institute, the Bank of International Settlements and the European Central Bank.

The World Bank's Financial Sector Advisory Center (FinSAC) hosted a workshop on “Macroprudential Policymaking in Emerging Europe” on June 2, 2016 in Vienna. Participants and speakers included senior financial stability experts of central banks and regulatory agencies from seventeen countries in Europe as well as from FinSAC, the Joint Vienna Institute, the Bank of International Settlements and the European Central Bank.

The workshop aimed at bringing together the community of financial stability practitioners (typically heads of central bank financial stability departments) in FinSAC client countries and showing them how this practice is evolving in EU countries and institutions, in particular in some new EU Member States and in the ECB.

The event provided a forum for exchanging views on the practical challenges the financial stability community faces and the solutions various countries had found to address them. It raised awareness in FinSAC client countries of forthcoming challenges in macroprudential analysis, by showing the examples of certain new EU Member States.

The workshop’s content was organized into three sessions covering the most important aspects of macroprudential frameworks:

i) the institutional set-up
ii) the policy instruments
iii) the analytical capacity

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CONTACT: Ms. Nurgul Irsalieva,
Tel: +43 12170761, E-mail: nirsalieva@worldbank.org

INTRODUCTION

'Macroprudencial Policymaking in Emerging Europe'

  • Attila Csajbok, Sr. Financial Sector Specialist, FinSAC, World Bank


SESSION 1: MACROPRUDENTIAL ANALYSIS

Macroprudencial Liquidity Stress Tests

  • Stefan Schmitz, National Bank of Austria (OeNB)

'Analysis for Setting Real Estate-Related Macroprudential Tools in the Czech Republic

  • Michal Hlavacek, Czech National Bank (CNB)

Risk Assessment and Macroprudential Regulation in Hungary from a Research Perspective

  • Adam Banai, National Bank of Hungary (MNB)


SESSION 2: POLICY INSTRUMENTS

Macroprudential Tools: Calibration Issues in Central Eastern and Southeastern Europe

  • Adam Gersl, Joint Vienna Institute (JVI)

Practical Experience with Macroprudential Policy Instruments in the Household Segment

  • Stefan Rychtarik, National Bank of Slovakia (NBS)

The Leverage Ration in a Macroprudential Context

  • D. Filiz Unsal, FinSAC, World Bank


SESSION 3: INSTITUTIONAL SET-UP

Macroprudential Surveillance in a European Context

  • Sandor Gardo, European Central Bank (ECB)

The Macroprudential Framework in Poland - Institutional and Organizational Aspects

  • Anna Dobrzanska, National Bank of Poland (NBP)

Institutional Set-up of Macroprudential Supervision in Austria

  • Timo Broszeit, Austrian Financial Market Authority (FMA)

The New Set-up of Financial Stability Framework in Armenia: Internal Conflicts and Cooperation

  • Andranik Grigoryan, Central Bank of Armenia
Details
  • Location: World Bank Office, 21st floor, Praterstrasse 31, 1020 Vienna
  • CONTACT: Nurgul Irsalieva
  • nirsalieva@worldbank.org