FSC and the minutes of its meetings are considered confidential
Communication: The deliberations of the FSC and the minutes of its meetings are considered
confidential. However, the FSC could decide to publish its warnings and recommendations,
and it perceives their publication as the default option.
The FSC could also communicate with
stakeholders through press releases providing information on the meeting (as it has done
once, on the occasion of its inaugural meeting) but the authorities have indicated that they
intend such communication to be ad hoc and need-based rather than taking place on a regular
basis. Moreover, the FSC is expected to report annually to the Bundestag on its activities as
well as on developments in financial stability. It is expected that the first annual report will be
delivered in mid-2014.
While the format of the report is still work in progress, the authorities
expect that the report will present an update of the risks to financial stability set out in the
Bundesbank’s annual Financial Stability Review (FSR) 17 along with a report of the activities
and macroprudential strategy of the FSC.
EU Forecast
euf:ba.18.j:49/nws-01