Macroprudential policy has to complement supervisory scrutiny by accounting for system-wide macro-financial feedback loops. Thanks to this system-wide perspective, macroprudential policy can address structural vulnerabilities and act countercyclically – tightening requirements when we see excessive risk-taking, and loosening them to avoid a credit crunch after risks have materialised.
1/3  BIS central bankers' speeches  The Bank of Mauritius too initiated several measures to ensure the safety and health of its employees whilst also ensuring that operations were maintained. With a view to mitigating propagation risks, a work from home strategy was implemented in August 2021.