Analytical support for the FSC is provided predominantly by the Bundesbank
Analytical framework: Analytical support for the FSC is provided predominantly by the
Bundesbank. The FSA specifically tasks the Bundesbank with analysing factors that are
important to financial stability and identifying risks which may impair financial stability. The
Bundesbank is also responsible for making proposals to the FSC regarding the issuance of
warnings and recommendations, presenting evaluations of the implementation measures to
the FSC, and preparing the FSC’s annual report. Importantly, as stipulated by the FSA, the
Bundesbank performs these tasks in a fully independent role.
The discharge of these responsibilities has been assigned to the Bundesbank’s Financial
Stability Department, established in May 2009 and currently comprising around 150
employees. The Financial Stability Department includes three divisions charged with
macroprudential tasks: Surveillance, Analysis, and Policy.
In order to coordinate on financial stability matters (including the preparation of the surveillance note for the FSC) with all
relevant departments and business units within the Bundesbank, an internal “coordination
committee for financial stability” (KAF) has also been established.
EU Forecast
euf:ba.18.j:43/nws-01