Document Type

Lessons Learned

JEL Codes

G01, G29


During the Global Financial Crisis (GFC), Ádám Banai served first as an analyst in the National Bank of Hungary (Magyar Nemzeti Bank, or MNB), where he helped the bank develop and implement a macroprudential framework for financial stability. Since 2020, he has served as MNB’s executive director of monetary policy instruments, financial stability, and foreign reserve management. This Lessons Learned is based on an interview with Banai conducted on April 18, 2023.