Koncepti i politikave makro-prudenciale dhe zbatimi i tyre nën optikën e Bazel II
The concept of macro-prudential policies and their implementation under the lens of Basel II

Summary/Abstract: The term “macroprudential policy” has been used extensively after the recent crisis. The global financial crisis (2007-2013) sparked a debate on the consequences of risks inherent or amplified by the financial systems. A series of empirical and theoretical works regarding the recent crisis have shifted the analytical and institutional focus of macroprudential policies in an unexpected manner. The macroprudential policy denotes every attempt of policymakers to limit systemic risk, i.e. the risk of breaking the financial services supply as a result of the faulty financial system. In general, macroprudential supervisors utilize prudential tools to contain the health of individual financial companies. Regardless of the various policies that may be used to strengthen the overall financial system, only the policies that get examined by macroprudential policymakers typify the so-called macroprudential policy (Gerlach, 2013). The Basel Committee, the organization responsible for the international banking regulatory (control) frameëork, consists of senior representatives from supervisory authorities and central banks. Following the events of the crisis, the Basel Committee proposed a neë banking policy ëhich aimed at mitigating the shortcomings observed in the previous phases. This called for macroprudential measures in terms of capital, liquidity and stimuli (financial leverage, fiscal leverage) and also extended to a macroprudential dimension. The plan centered on banking supervision by means of a number of provisions which involved various maneuvers with banks’ internal funds, such as improving the quality and their oën “basic” funds (La note d’analyse, 2013). The move primarily reinforced the management, supervision and risk coverage considered by all banks, but it also enhanced altogether the prudential tools by way of liquidity requirements.

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