FSB has published its progress report to G20 on use of macro-prudential policy and tools. The report looks at how supervisors have progressed in:
- identifying and monitoring systemic financial risk;
- designing and calibrating instruments for macro-prudential purposes; and
- building appropriate institutional and governance frameworks.
The report looks at some of the common challenges that arise and notes the important steps already taken at national and international level to address G20's requirements. (Source: Macro-prudential Policy Tools and Frameworks Progress Report to G20)