The fundamental objective of the National Committee for Macroprudential Oversight is to contribute to safeguarding financial stability, also by enhancing financial system resilience to shocks and by containing the build-up of systemic risks, thereby ensuring a sustainable contribution of the financial sector to economic growth.

The terms financial system and systemic risk have the same meaning as defined in Regulation (EU) No. 1092/2010 of the European Parliament and of the Council of 24 November 2010 on European Union macro-prudential oversight of the financial system and establishing a European Systemic Risk Board.

In the pursuit of its fundamental objective, the Committee shall be operationally independent.