Over the past 2 years ended March 2008: •  Total assets of the WMB increased from K 4.3m to K 22.2m  •  Total deposits increased from K 2.8m to K15.6m  •  Total loans increased from K 0.6m to K 5.5m  •  Branches in Lae (HO), Wau, Bulolo, Madang, Kainantu and Wewak.
This key takeaway from the recent financial crisis prompted the establishment of macroprudential authorities around the world that focus on risks that might threaten the financial system as a whole. Let’s begin with the mandate and the objective. The objective of macroprudential policy is to safeguard financial stability.