On the other hand, the broad understanding from macroprudential regulation has been effective in instituting prudential safeguards at the micro institution level. Recognizing the importance of an institutional mechanism for coordination among regulators and the Government, in December 2010, the Government established the Financial Stability and Development Council (FSDC) to be chaired by the Finance Minister.
There have been more than a few dismaying examples of CEOs who nearly drove their companies to the wall and presided over a significant fall in the price of the companies' stock relative to that of their competitors and the stock market overall.