The Financial Stability Committee held the fifth meeting
Today, the Financial Stability Committee has held the fifth meeting attended by the Minister of Finance and the Governor of the National Bank, as well as senior officials from both institutions. The Committee has been held against the backdrop of normal functioning of the financial system. In today's meeting, the Committee has exchanged information about the current developments in the banking system of the Republic of Macedonia as defined in the Memorandum of Cooperation for maintaining financial stability and managing the financial crisis in the Republic of Macedonia.
The Committee has concluded that the risks in the banking system are minor. The short-lived instability caused by the domestic political turmoil in April and May 2016 has been completely overcome. Banks with their high capitalization and liquidity are stable and resilient to shocks. The Committee has also presented the basic principles of the EU Bank Recovery and Resolution Directive, discussing the conditions for its implementation in the Republic of Macedonia, as well as the possibilities for appointing a resolution authority. The Committee has also discussed the growth of lending by financial companies.
Governor's Office
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