G30 unveils macroprudential manual
Fixed macroprudential policy tools must be complemented with flexible powers for supervisors in order to effectively manage risk in the global financial system, the influential Group of Thirty (G30) has said.
In a report published Sunday, a G30 working group, established in February, said supervisors should apply macroprudential tools using a "fixed" and "variable" approach to achieve a "more resilient" financial system that is less prone to severe upswings and downturns.
The 30 member working
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