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Journal

2015 | 1(58) | 7-45

Article title

Makroostrożnościowy wymiar regulacji CRDIV/CRR

Content

Title variants

EN
Macroprudential aspects of CRD IV/CRR

Languages of publication

PL

Abstracts

EN
Macroprudential policy, initially a very general idea, has entered the operationalization stage. European regulations (so called CRDIV/CRR package) based on the international recommendations introduce a number of macroprudential tools. Furthermore, at the institutional level specially dedicated authorities responsible for conducting macroprudential policy have been established. The aim of this paper is to present the current institutional arrangements as well as regulations concerning macroprudential policy in the European Union. The theoretical deliberations have been supplemented by an analysis of macroprudential tools notified so far at the European level. The article includes also proposals of necessary changes in regulations which would increase the flexibility of applying macroprudential tools.

Journal

Year

Issue

Pages

7-45

Physical description

Contributors

  • Narodowy Bank Polski
  • Szkoła Główna Handlowa

References

  • Basel Committee on Banking Supervision, A framework for dealing with domestic systemically important banks, Bank for International Settlements, 2012.
  • Basel Committee on Banking Supervision, Global systemically important banks: updated assessment methodology and the higher loss absorbency requirement, Bank for International Settlements, 2013.
  • Basel Committee on Banking Supervision, Guidance for national authorities op-erating the countercyclical capital buffer, December 2010.
  • Brzozowski M., CRDIV/CRR – instrumenty makroostrożnościowe, Narodowy Bank Polski, 2014.
  • Dobrzańska A., Polityka makroostrożnościowa – zagadnienia instytucjonalne. Teoria i dotychczasowe doświadczenia w Unii Europejskiej, Materiały i Studia nr 307, Narodowy Bank Polski, Warszawa 2014.
  • European Banking Authority, Consultation Paper Guidelines on the criteria to determine the conditions of application of Article 131(3) of Directive 2013/36/EU (CRD) in relations to the assessment of other systemically important institutions (O-SIIs), EBA/CP/2014/19, 18 July 2014.
  • European Systemic Risk Board, Assessment of the notification by Belgium in ac-cordance with Article 458 of the CRR concerning a stricter national measure for residential mortgage lending.
  • European Systemic Risk Board, ESRB Recommendation on the macroprudential mandate of national authorities (ESRB/2011/3) Follow-up Report – Overall as-sessment, June 2014.
  • European Systemic Risk Board, ESRB response to the call for advice by the Eu-ropean Commission on macroprudential rules in the CRDIV/CRR, April 2014.
  • European Systemic Risk Board, The ESRB Handbook on Operationalising Macro-prudential Policy in the Banking Sector, March 2014.

Document Type

Publication order reference

Identifiers

YADDA identifier

bwmeta1.element.desklight-c462f84c-44e3-4881-9344-963c367ddef4
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