Frankly it would be difficult to make a binary distinction between micro prudential and macro prudential policies – ultimately all macro risks translate into micro risks for financial institutions. The critical thing is incorporation of systemic perspective while designing policies. BIS Review 116/2010  5  21.
The new topics play to the coordinating and gap-filling strengths of the FSB, which includes both regulators and finance ministry representatives, and which can parcel out appropriate components of larger projects to standard-setting committees.