Budapest, 8 December 2023 - A seminar titled "Financial Stability and Macroprudential Policymaking" was held by the Magyar Nemzeti Bank from 6th to 8th of December in Budapest. The three-days seminar was held as the final event of the MNB’s Technical Cooperation Programme launched in 2023, following the programme series in June and the autumn which addressed key topics such as green finance, digitalization and FinTech as well as the financial infrastructures. The opening speech at the seminar was delivered by Mr Barnabás Virág, Deputy Governor of the MNB, who highlighted the importance of cooperation and international partnership as key elements in dealing with unprecedented challenges in times of crisis. Deputy Governor Virág also announced in his speech that building on the success of this year, the MNB’s Technical Cooperation Programme will continue in 2024 under the theme "From Tradition To Innovation" featuring four new seminars covering both traditional central bank functions and innovative areas. Nearly 100 central bank experts form 21 partner countries participated in the four seminars during the year.

Nowadays when the resilience of financial institutions and economies to unexpected events and crises is crucial, more attention is paid to maintain financial stability and minimize systemic risks as ever. Decisions made in this regard directly impact lending, real estate markets, and capital stock, significantly influencing economic growth and sustainable development. The seminar held by MNB experts focused on addressing contemporary challenges to financial stability, including the Magyar Nemzeti Bank’s response to climate risk and the presentation of the newest decision-supporting methodologies, such as agent-based modelling.

Participants engaged in interactive workshops deepening their practical knowledge on borrower-based measures, calibrating macroprudential capital buffers as well as liquidity and funding regulation. The seminar also shared experiences about the MNB’s practice on data collection for analytical and decision-making purposes in the field of financial stability. Beyond enhancing the professional expertise of central bank experts, the event provided a valuable platform for participants to establish connections with MNB experts, and each other.

The MNB launched its Technical Assistance Programme called “Stability and Innovation” in June 2023. Through its international network the Magyar Nemzeti Bank has regularly hosted study visits and knowledge sharing events in the previous years attended by central bank experts and management from our partner countries. With the MNB's own Technical Assistance Programme, the previous demand-based professional training courses and knowledge-sharing events were put into an organized framework. This initiative facilitated the sharing of the bank’s best practices, strengthened international relations and promoted unique professional solutions.