The importance of the reports on stability and the related demand of international professional circles suggests that in recent years, several institutions and international forums and programs were set up to examine the issue. These include the Financial Stability Institute, the Financial Stability Forum and the Financial Sector Assessment Program (FSAP) of the IMF and World Bank. The national central banks are now also publishing their analyses of financial stability. The Magyar Nemzeti Bank launched its publication Report on Financial Stability in August 2000 which has since been published each year, providing comprehensive analyses of the condition of the Hungarian financial sector, current issues and the main risk factors. On the premise of the principles discussed in the previous chapters, the report covers the analysis of the general macroeconomic and financial environment, the stability of the credit institution system and the position of non-bank financial intermediation. The above topics are supplemented with the annexes of the Report on Financial Stability, containing more detailed studies that venture on the elaboration and analysis of a specific current problem or debated issue.
The primary target readership of the report:
- International organisations and financial institutions (IMF-World Bank, EU, OECD, BIS, FSI, ECB, etc.);
- Foreign central banks;
- Participants of the domestic banking sector, foreign parent banks and potential investors;
- Credit rating agencies (Moody’s, S&P, Fitch, IBCA, JCR, etc.);
- Hungarian and international research institutes;
- Embassies, trade representations of foreign states in Hungary;
- Instructors, college students, students of universities and educational institutions;
Professional journals, dailies and the public they reach
With the general established practice of the publication of the stability reports, the processing of information and findings provided by these and the consideration of the observations made by foreign and domestic experts, as in the past, the Magyar Nemzeti Bank plans to continuously conform to changing demand in the future, therefore the current structure and focal points of the Report on Financial Stability may change from year to year.
The principal aim of the publication “Report on Financial Stability” is to inform the operators and users of the financial system of current issues affecting financial stability and thereby improve the risk awareness of stakeholders, sustain and strengthen confidence in the financial system. Thus, the Magyar Nemzeti Bank aims at contributing to the supply of adequate information to stakeholders for decision making related to the financial system and thereby to the strengthening of the financial system as a whole.