Macroprudential policy is the overarching term for administrative and communication measures aimed at safeguarding financial stability. The idea behind macroprudential policy is to identify and assess systemic risk and act in a way that strengthens financial system resilience. As a preventive policy field, macroprudential policy operates throughout the financial system, covering all the areas that might be a source of risk to financial stability. The body that exists at the national level is the German Financial Stability Committee (G-FSC), which issues warnings and recommendations for Germany. Competent national public sector entities must either comply with these warnings and recommendations or explain their reasons for non-compliance. Besides warnings and recommendations, there are further macroprudential measures designed to strengthen financial system resilience, for instance, macroprudential capital requirements for systemically important banks and the countercyclical capital buffer. Measures, which reduce systemic risk encroach more on how the financial institutions concerned run their businesses. For example, they push financial institutions to meet certain lending standards. Macroprudential policy, with its mandate to influence the financial system as a whole and keep it stable, supplements microprudential supervision, which assesses the situation at the level of individual banks, insurers and other financial system actors.