Antalya, Turkey, December 2, 2017.1 Largely as a result of the difficulties faced following the outburst of the Global Financial Crisis, macroeconomic policy coordination has gained increasing relevance in recent years. This has two dimensions.
The most obvious example of such supervision is that of capital adequacy regulations which are harmonised across countries and have through the years become ever more complex. However, discussions about how much capital banks should hold and what counts as capital are still the subject of on-going research. Moreover, other supervisory tools are being examined such as rules surrounding bank leverage and liquidity.