Look Before You Leap: A Skeptical View of Proposals to Meld Macro- and Microprudential Regulation

Abstract

G-20 ministers should avoid creating a new layer of regulation to counter future systemic financial risks, according to a newly released C.D Howe Institute study. The Commentary by Nick Le Pan, former Superintendent of Financial Institutions, cautions against current G-20 proposals to expand regulation to include system-wide macroeconomic risks.financial services, Bank of Canada, OSFI, systemic risk, procyclicality, Basel II