In Germany, responsibility for macroprudential policy is shared by the members of the Financial Stability Committee: the Ministry of Finance as the chair of the Committee, the Federal Financial Supervisory Authority (BaFin), and the Bundesbank. This set-up institutionalizes a regular exchange of micro- and macroprudential authorities. The Committee can issue warnings and recommendations when there are financial stability concerns.
The Committee submits an annual  report to the Bundestag on its activities and the stability of the German financial system. The last such report was published in May 2019. [3] The Committee also communicates on important events through press briefings or press releases. In a number of countries, implementation of macroprudential policy is the joint responsibility of more than one institution.