Effective January 1, 2010, the Financial Stability Board has been set up in accordance with the Act CXLVIII of 2009 amending the Act CXXXV of 2007 on the Hungarian Financial Supervisory Authority.

The Financial Stability Board assists the work of the Hungarian Financial Supervisory Authority. The tripartite Financial Stability Board encompasses the Governor of the National Bank of Hungary, the Minister of Finance and the Chairman of the Hungarian Financial Supervisory Authority, with chairmanship rotating annually. Its primary task is to assess the stability of the different components of the financial system, and to monitor the activities of the Hungarian Financial Supervisory Authority as regards the enforcement of laws and regulations in relation to financial stability.

The Financial Stability Board has monthly meetings, the memos of which are posted on the website of the Hungarian Financial Supervisory Authority (available in Hungarian only).

The Secretariat of the Financial Stability Board can be contacted by email: pst@pszaf.hu