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Overview of the Greek Financial System – November 2018

22/11/2018 - Press Releases

The Overview of the Greek Financial System, a bi-annual publication of the Financial Stability Department of the Bank of Greece, was posted today on the Bank of Greece website. The November 2018 overview focuses on developments in the banking sector in the first half of 2018.

The Overview of the Greek Financial System assesses developments, highlights the principal systemic risk factors of the Greek banking sector and other financial sectors and monitors the operation of financial market infrastructures (payments systems, payment cards, securities settlement systems, central counterparties).

The Overview also includes three Special Features. In the first Special Feature a proposal for the systemic management of the Non-Performing Exposures is elaborated, while in the second one the identification of other systemically important institutions in Greece (O-SII) and the determination of the O-SII buffer are examined. In the third Special Feature, the new accounting standard on financial instruments (International Financial Reporting Standard 9) and its impact on the banking sector is analysed.

The assessment of systemic risks provides a valuable tool for the conduct of macroprudential policy, which aims at mitigating the systemic risks of the financial system and should complement microprudential supervision of banks, which focuses on the robustness of individual institutions.

Related links: 

1. Overview of the Greek Financial System, November 2018 (in Greek)
2. Special Feature on the systemic management of NPE’s 

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