Micro- and macroprudential regulatory instruments compared across the European Union

The study investigates how active Hungarian micro- and macroprudential regulation is in an international comparison. Based on national regulatory notifications, our analysis summarises the types of national derogation and the reasons for their application, and presents the forms in which they are applied in individual Member States. Additionally, it provides an overview of the relationship of regulatory activity with the risk profile of each state. As a consequence it is stated that Hungary has shown outstanding activity in terms of both micro- and macroprudential regulation, due to the significant number of systemic risks.