The macro-prudential surveillance and financial crises management committee affirmed during its 8th meeting held on November 5, the commitment of all regulators to pool their efforts so as to preserve the stability of the financial system through the boosting of the macro-prudential surveillance and a better coordination of their actions.

The committee, which brings together all the regulators of the banking and financial market, laid emphasis on “the need for the government to send strong and concerted signals to give more visibility to domestic and foreign economic operators, to ensure global balances and to foster investment and savings under the 2022 Finance Law. The goal is to strengthen the economic recovery indicators,” according to a press release issued on Tuesday by the Central Bank of Tunisia (BCT).

This committee was created by virtue of Article 85 of the law setting the BCT status.

The committee’s meeting also offered the occasion to review the economic and monetary situation and the development of the activity of all the financial system’s components with a view to analysing macro-prudential risks.

The various officials of the regulatory authorities also had the opportunity “to confirm the resilience of the financial system as a whole to the impacts of the health crisis and the economic situation, thanks to the reforms introduced during the last decade and the measures taken by the regulatory authorities to deal with the COVID-19 crisis.”

The meeting was attended by all members of the committee, including the BCT governor, the representative of the Finance Ministry, the Financial Market President, the General Insurance Committee President and the Micro-finance Control Authority Director General and the Bank Deposit Guarantee Fund Director General as an observer.

Source: Tap News Agency