| Magyar Nemzeti Bank ISMERTETŐ |
The Act on the Magyar Nemzeti Bank lays down the basic tasks of the central bank, which
include promoting the stability of the financial system. A fundamental requirement for maintaining
and promoting financial stability is that the parties involved have access to a wide range of
information on the financial system as a whole, its competitive environment, and the narrower and
broader conditions for its operation. The Magyar Nemzeti Bank's main objective with the
publication of this semi-annual ‘Report on Financial Stability' is to meet this requirement,
harmonizing with the practice of other central banks. Other important objectives of the Bank are to
inform the professional public regarding the state of the country's financial intermediary system and
to provide assessments of the sector's stability in the light of important domestic and international
developments.
In the Report, the Bank seeks to publish the latest statistical data, widely used internationally,
which describe the state and robustness of the financial system in a manner that enables comparison
whenever possible. Furthermore, the Bank intends to provide comprehensive analyses of the position
of the sectors participating in financial intermediation or influencing its stability, in addition to
evaluating macroeconomic developments. In view of the fact that, as a small, open country, Hungary
is closely integrated into the international flows of goods and capital, the Report gives separate
coverage of global cyclical and monetary developments relevant to financial stability.