Macroprudential Frameworks, Implementation and Relationships with Other Policies

This note outlines the South African Reserve Bank's proposed framework for achieving its new financial stability mandate. It sets out the institutional structure, the focus and objectives of macroprudential policy and the decision-making process to be applied. It identifies and describes three important stages in the process of implementing macroprudential policy, namely completing a systemic risk assessment, building a case for macroprudential intervention, and selecting and applying the macroprudential instruments. Full Publication: 'http://ssrn.com/abstract=3101163' Macroprudential Frameworks, Implementation and Relationship with Other Policies