Towards a macroprudential framework for financial supervision and regulation? Claudio Borio

| 26 pages

Over the last decade or so, addressing financial instability has risen to the top of the policy agenda. This essay argues that in order to improve the safeguards against financial instability, it may be desirable to strengthen further the macroprudential orientation of current prudential frameworks, a process that is already under way. The essay defines, compares and contrasts the macro- and microprudential dimensions that inevitably coexist in financial regulatory and supervisory arrangements, examines the nature of financial instability against this background and draws conclusions about the broad outline of desirable policy efforts.

JEL classification: E44, G10, G20, G28, E30

Suggested Citation

Claudio E. V. Borio, 2003. "Towards a macroprudential framework for financial supervision and regulation?," BIS Working Papers 128, Bank for International Settlements.

Handle: RePEc:bis:biswps:128

https://www.bis.org/publ/work128.pdf

Macroprudential frameworks: (too) great expectations?

12 ago 2014 ... By Claudio Borio1 Contribution to the 25th anniversary edition of Central Banking Journal Introduction

Macroprudential frameworks: (too) great expectations?

13 ago 2014 ... BIS speech | 13 August 2014 by Claudio Borio PDF version (167kb) | 8 pages "Take nothing on

https://www.bis.org/publ/work128.pdf

https://www.bis.org/speeches/sp140813.pdf

https://www.bis.org/repofficepubl/hkimr201007.12c.pdf

https://ideas.repec.org/p/bis/biswps/128.html
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