Intro -- Table of Contents -- Preface -- About the Authors -- ABOUT THE CONTRIBUTORS -- CHAPTER 1: Capital Markets Participants, Products, and Functions -- THE BASIC PRODUCTS OFFERED IN CAPITAL MARKETS -- CAPITAL MARKETS AS A SUBSTITUTE FOR BANK LENDING -- THE KEY STAKEHOLDERS IN CAPITAL MARKETS...

This Technical Note analyzes the implementation of macroprudential policy framework and tools in Romania. The National Bank of Romania (NBR) has a long experience in implementing macroprudential policy measures. The NBR monitors several indicators to assess the build-up of systemic risk, many of...

While national authorities are still largely responsible for supervising the nonbank sector and applying the macroprudential framework, European Union (EU)-level organizations' supervisory role is growing. Further convergence and strengthening of supervision of insurers and investment firms is...