Financial stability

Financial stability can be defined as a condition in which the financial system is capable of withstanding economic and financial shocks and smoothly performs its intermediation role.

This reduces the likelihood of financial crises and, should a crisis occur, mitigates the adverse impacts on the real economy.

The financial system comprises credit institutions, insurance undertakings, financial institutions, securities firms, investment firms, payment systems and securities settlement and clearing systems.

The Bank of Greece monitors and assesses developments in the financial system and adopts measures to reduce the build-up of systemic risk and enhance the resilience of the financial system.

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