In Australia, the Governor of the RBA chairs the Council of Financial Regulators (CFR) that was established in 1998, and discusses macroprudential issues with other regulators. In South Korea, the Macroeconomic and Financial Committee (MFC) was established in 2012, with the Deputy Governor of the Bank of Korea (BOK) participating as a committee member.
The MFC exchange views regarding the implementation of macroprudential policy with relevant regulatory authorities. In Malaysia, BNM established the Financial Stability Executive Committee (FSEC) at the bank in 2010, as a monitoring and coordinating committee on financial stability with all relevant supervisory agencies.