FSB/BIS/IMF Report: Macroprudential policy tools and frameworks: Update to G20 Finance Ministers and Central Bank Governors
March 4, 2011
At their meeting in Seoul in November 2010, G20 Leaders concluded that further work on macroprudential frameworks was a priority.
In order to deal with systemic risks in the financial sector in a comprehensive manner and on an ongoing basis, G20 leaders called on the FSB, IMF and BIS to do further work on macro-prudential policy frameworks, including tools to mitigate the impact of excessive capital flows.
This update summarises the work underway internationally and nationally to develop effective macroprudential policies and frameworks, by drawing also on surveys conducted by the BIS
(via the CGFS) and IMF. These efforts include regulatory reforms and the design of policy tools to strengthen the resilience of the financial system, as well as efforts at the national and regional level to develop fully-fledged macroprudential policy frameworks.