Following the global financial crisis in 2008, regulatory and supervisory authorities have come to realize the misconception of financial stability. Due to its exceptional importance for economic growth and the smooth functioning of the financial system, numerous changes are being introduced. Financial stability is turning to macroprudential regulation due to the complexity and integration of the financial system and its connection to the real economy. In order to preserve financial stability, new institutional and regulatory frameworks are being introduced. In Croatia the Financial Stability Council has been established and it operates in the field of macroprudential policy. In order to implement adequate measures and instruments of macroprudential policy, it is necessary to measure financial stability and identify vulnerabilities of the financial system that pose a risk to it. Measurement methods are also changing, and indicators that are being developed take into account the links between financial institutions and the market, which contributes to better identification of potential risks. However, due to the complexity of the concept of financial stability, there is not a unique approach in measuring it, but it must be acknowledged that significant progress has been made in the development of identifying financial system disturbances.