Financial Stability

Financial stability implies the stability of integral components of a country’s financial system - financial institutions, financial market, and financial infrastructure. This concept implies the monitoring and control of systemic risk, such as the risk of disturbance in the provision of necessary products and services of the financial system. Systemic risk management reduces the likelihood of these disturbances in the financial system as a whole, which could also affect the real economy and thus jeopardize the economic growth of the country.

Therefore, the CBCG sees financial stability as a situation in which any increase in systemic risk has been prevented, that is, safe and efficient market mediation has been ensured.