Common use of Macroprudential measures Clause in Contracts

Macroprudential measures. 1. The Authorities recognise the competence of the national Authorities and of the ECB, as provided for in Article 5 of the SSM Regulation, to assess which macroprudential measures are necessary for financial stability in the jurisdiction concerned. The Authorities intend to communicate with each other to exchange relevant information assessments and to facilitate discussions in respect of planned measures where this may assist in assessing and mitigating risks to financial stability in the concerned jurisdictions.

Macroprudential measures. 1. The Authorities recognise the competence of the national Authorities and of the ECB, as provided for in Article 5 of the SSM Regulation, to assess which macroprudential measures are necessary for financial stability in the jurisdiction concerned. The Authorities intend to communicate with each other to exchange relevant information and assessments and to facilitate discussions in respect of planned measures where this may assist in assessing and mitigating risks to financial stability in the concerned jurisdictions.