This approach is often referred to as “more symmetrical monetary policy". However, this does not mean that monetary policy should assume responsibility for financial stability. Macroprudential policymakers have a more appropriate toolkit for safeguarding financial stability. In this context, the Act on Monitoring Financial Stability (Gesetz zur Überwachung der Finanzstabilität) assigns the Bundesbank important tasks in the field of macroprudential oversight.
The Bank is responsible, in particular, for analysing factors that are key to financial stability, identifying risks, making proposals to the Financial Stability Committee regarding the issuing of warnings and recommendations, and evaluating the implementation of such warnings and recommendations.