10 There are situations, however, where microprudential and macroprudential goals do not fully align so that it is important to take into account the implications both for individual firms’ safety and soundness and also for the broader financial system.
2  2  My experience, both directly and through engagement in the Caribbean and elsewhere, is that most international rules-making bodies lack comprehensive policies in the above areas, but there is generally sincere goodwill expressed by these bodies.