The macroprudential tasks of the Bank of Greece are exercised, as explicitly stipulated in Article 55Α of its Statute, through Acts of the Executive Committee or bodies empowered by it to that effect.
In this context, by Bank of Greece Executive Committee Act no. 254/3/19.01.2026 (Government Gazette B 458, 03.02.2026) “Reestablishment of the Financial Stability Committee”, the Financial Stability Committee has been entrusted with:
(a) issuing decisions in the context of exercising the Bank of Greece’s macroprudential tasks under Article 55A of its Statute. Such decisions concern capital buffers and other macroprudential policy measures;
(b) decision-making regarding emergency liquidity assistance (ELA) as a means of safeguarding the stability of the financial system and, in this context, determining the specific terms and conditions governing its provision.
The Financial Stability Committee is composed of the following persons:
Chair: Τhe Governor
Members: Τhe two Deputy Governors
The Director General Prudential Supervision and Resolution
The Director General Monetary Policy and Financial Markets
Τhe Directors of the following Directorates:
- Financial Operations Directorate
- Financial Stability Directorate
- Banking Supervision Directorate
In the event of the Governor’s absence or inability to attend, the Governor shall be replaced by the senior Deputy Governor. In the event of a tie, the Chairperson shall have the casting vote.
A staff member of the Financial Stability Directorate acts as Secretary of the Committee.