BIS central bankers’ speeches  than it does on inflation, there would be no need, in theory, for the agencies responsible to coordinate their actions explicitly. They would need to share information with each other only so that each could use its own policy tool to account for the spillovers from the other policy on its own objective.
This might mean, for example, that the central bank would need to run a more stimulative policy than it would have otherwise to offset the effect of macroprudential policies, and the macroprudential authority would impose more stringent measures than it would have otherwise to counteract the leverage and risk taking generated by looser monetary policy.