As a result of Brexit, the global outlook for 2016–17 has worsened, as the vote added significant uncertainty to an already fragile global economic environment, and is likely to affect confidence and weigh negatively on consumption and investment. I should add that Brexit has also highlighted the importance of inclusive growth, an issue which was highlighted in the latest G20 communique.
Likewise, some of the core elements of macro2  prudential regulation include risk management guidelines to banks, stress testing guidelines, liquidity monitoring, fixation of credit to core capital and deposit (CCD) ratio, loan to value ratio, and single borrower limit, among others. I will not go into the details of these as they will be examined in the country presentation session.