NBP hosts the fourth meeting of CEE-6 central bank governors in Warsaw on 25-26 March
On 25-26 March the Narodowy Bank Polski hosted in Warsaw a working meeting of six Central and Eastern European central banks. The meeting was the fourth in a row, following the one in Budapest in 2009, and gathered the governors of Banka Slovenije, Česká Národní Banka, Magyar Nemzeti Bank, Narodowy Bank Polski, Národná Banka Slovenska and Oesterreichische Nationalbank.
Amidst a gradually stabilising macroeconomic environment in Central and Eastern Europe, the governors discussed the new framework of financial supervision within the EU and the implications that it can have for the regional central banks of the region. Among others, the discussants agreed that insuring financial stability both on the EU level and in each individual country requires combining micro-prudential supervision with macro-prudential oversight. The new framework should imply a close cooperation of national supervisory authorities, central banks and European institutions.
In addition, the participants exchanged their views on the post-crisis growth prospects and the appropriate monetary policy measures as well as the implications of the global economic crisis for the catching up process.