Micro risks relating to banks’ balance sheets are examined by the supervisory directorates; risks relating to money markets are monitored by the markets and payment systems directorate; macro conditions of any other kind are looked at by the economics and statistics directorate. This information is shared and debated within the Financial Stability Coordination Committee.
Meetings are ordinarily held twice a year, but can be called at any time by the committee members – the heads of the key directorates – or by its chair – a deputy governor.