IDEAS home Printed from https://ideas.repec.org/a/mnb/finrev/v14y2015i4p57-86.html
   My bibliography  Save this article

Micro- and macroprudential regulatory instruments compared across the European Union

Author

Listed:
  • László Seregdi
  • János Szakács
  • Ágnes Tõrös

    (Magyar Nemzeti Bank)

Abstract

The study investigates how active Hungarian micro- and macroprudential regulation is in an international comparison. Based on national regulatory notifications, our analysis summarises the types of national derogation and the reasons for their application, and presents the forms in which they are applied in individual Member States. Additionally, it provides an overview of the relationship of regulatory activity with the risk profile of each state. As a consequence it is stated that Hungary has shown outstanding activity in terms of both micro- and macroprudential regulation, due to the significant number of systemic risks.

Suggested Citation

  • László Seregdi & János Szakács & Ágnes Tõrös, 2015. "Micro- and macroprudential regulatory instruments compared across the European Union," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 14(4), pages 57-86.
    • Handle: RePEc:mnb:finrev:v:14:y:2015:i:4:p:57-86
    as

    Download full text from publisher

    File URL: http://english.hitelintezetiszemle.hu/letoltes/3-seregdi-szakacs-toros-en.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Aerdt Houben & Jan Kakes, 2013. "Financial imbalances and macroprudential policy in a currency union," DNB Occasional Studies 1105, Netherlands Central Bank, Research Department.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Attila Háda, 2019. "Banking Supervisors Tracing the Transition to IFRS 9," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 18(4), pages 77-111.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jan Kakes & Rob Nijskens, 2018. "Size of the banking sector: implications for financial stability," DNB Occasional Studies 1606, Netherlands Central Bank, Research Department.
    2. Frank A.G. den Butter & Mathieu L.L. Segers, 2014. "Prospects for an EMU between Federalism and Nationalism," Tinbergen Institute Discussion Papers 14-008/VI, Tinbergen Institute.
    3. Michaela Posch & Stefan W. Schmitz & Katharina Steiner & Eva Ubl, 2019. "The case for macroprudential policy as a stabilizing tool for the euro area," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q1-Q2/19, pages 124-138.
    4. Lorenčič Eva & Festić Mejra, 2021. "The Impact of Seven Macroprudential Policy Instruments on Financial Stability in Six Euro Area Economies," Review of Economic Perspectives, Sciendo, vol. 21(3), pages 259-290, September.
    5. Aerdt Houben & Jan Kakes & Annelie Petersen, 2022. "The interaction of monetary and financial tasks in different central bank structures," Chapters, in: Robert Holzmann & Fernando Restoy (ed.), Central Banks and Supervisory Architecture in Europe, chapter 7, pages 71-82, Edward Elgar Publishing.
    6. van Riet, Ad, 2015. "Market-preserving fiscal federalism in the European Monetary Union," MPRA Paper 77772, University Library of Munich, Germany.
    7. Samarina, Anna & Zhang, Lu & Bezemer, Dirk, 2017. "Credit cycle coherence in the eurozone: Was there a euro effect?," Journal of International Money and Finance, Elsevier, vol. 77(C), pages 77-98.
    8. Jose L. Diaz-Sanchez & Aristomene Varoudakis, 2016. "Tracking the causes of eurozone external imbalances: new evidence and some policy implications," International Economics and Economic Policy, Springer, vol. 13(4), pages 641-668, October.
    9. Michaela Posch & Stefan W. Schmitz & Katharina Steiner & Eva Ubl, 2019. "The case for macroprudential policy as a stabilizing tool for the euro area," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 19/Q1-Q2, pages 124-138.

    More about this item

    Keywords

    banking regulation; European Union; national derogations;
    All these keywords.

    JEL classification:

    • F38 - International Economics - - International Finance - - - International Financial Policy: Financial Transactions Tax; Capital Controls
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mnb:finrev:v:14:y:2015:i:4:p:57-86. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Morvay Endre (email available below). General contact details of provider: https://edirc.repec.org/data/mnbgvhu.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.