"The marrying of microand macro-prudential analysis", as BIS General Manager Andrew Crockett once put it, allows us to exploit synergies of monetary policy and financial supervision. In the field of financial regulation, the EU is currently deliberating whether to introduce the “Lamfalussy model”, which is now applied in securities regulation in the banking and insurance sectors as well.
The slowdown in the Chinese economy was the result of deliberate policy actions taken by the Chinese authorities to cool down the rapid growth that they have experienced over the past years. Although the slower growth in China will occur from a very high level, it could have a significant impact on other Asian economies.