Financial stability is a state when a country's financial sector, its financial infrastructure and financial market function smoothly and retain the ability to provide financial services to the economy and the population, including under the destabilizing impact of internal and external factors.
A highly developed and stable financial system is a channel to deliver monetary policy measures to the real economy. Therefore financial stability is one of the factors of the country's balanced development (economic growth with persistently low inflation).
Measures to ensure financial stability are based on monitoring as well as the adoption of a set of measures aimed at countering systemic risks, which are risks that can affect the ability of the financial system to perform its functions.
Financial stability monitoring allows identifying and assessing in advance the threats to the financial system and its weaknesses and also providing a basis for developing appropriate measures.
Actions to ensure financial stability are coordinated by the Financial Stability Council, a collegial body composed of representatives of the National Bank, the Ministry of Finance and the Ministry of Economy.